A sharp 31.7% drop in multifamily construction contributed to a 14.4% overall decline in U.S. housing starts in August. The fall to an annualized rate of 956,000 housing starts marked the sharpest month-to-month slowdown since April 2013. Issuance of new building permits was down 5.6%.
A Beacon of Hope for the Roofing Market (IN, GA, FL, MN, MO)
U.S. housing starts fall as construction rebound slows
October 01, 2014
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