Murray Wood: Who's hot and who's not
Every Friday, Murray Wood takes a look at the big news stories and decides who's hot... and who's not. This week's list ...
WASHINGTON — U.S. housing construction fell 5.1% in August after three months of strong gains as home builders mounted a rebound following a pandemic-induced shutdown in March and April.
The Commerce Department reported Thursday that new homes were started at a seasonally adjusted annual pace of 1.42 million last month after a 17.9% surge in July.
The August drop was bigger than expected but still left housing construction 51.6% above the low hit in April.
A builders’ survey of sentiment this week found strong optimism that home building is on the upswing.
Martin Crutsinger, The Associated Press
