– Housing starts for December were down by 8.6% from the revised November figure of 1.12 million.
– The decline in housing starts indicates a slowdown in the construction industry.
– The decrease in housing starts could be attributed to various factors such as economic conditions, labor shortages, or lower demand for housing.
– The decline in housing starts may have implications for the overall housing market, affecting supply and potentially leading to increased prices.
– This news was originally published on the Weekly Real Estate News website.
In December, housing starts experienced a significant decline of 8.6% from the revised November figure of 1.12 million. This decline in construction activity indicates a slowdown in the industry. The drop can be attributed to a variety of factors such as economic conditions, labor shortages, or decreased demand for housing. The decrease may have implications for the housing market as a whole, potentially impacting the supply of available homes and leading to increased prices. For more information, visit the Weekly Real Estate News website.
You can read this full article at: https://wrenews.com/housing-starts-down-for-december/
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