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New home construction likely inched higher in October as builders seized on the promise of more orders due largely to a federal tax credit for first-time homebuyers.
Housing construction is crawling out of its very deep hole, but no one expects it to reach the heights hit before the housing bubble burst — at least not for a very long time.
Housing construction rose in August, but the results were mixed, with the large single-family sector falling for the first time in six months.
At least the market for new homes isn't getting worse anymore, and that's the first step to getting better.
Construction of new homes and applications for future projects both plunged to record lows in January as all parts of the country showed big declines in building activity.
Struggling homebuilders cut back even more than expected last month, sending the construction of new homes plummeting in November by the largest amount in almost a quarter-century.
Construction of homes and apartments fell in July to the lowest level in more than 17 years, the government reported Tuesday.
U.S. Economy: Home Construction Hits 17-Year Low Builders started work in June on the fewest single-family U.S. homes since 1991 and manufacturing in the Philadelphia region contracted for an eighth straight month, signaling the economic slowdown is worsening.
U.S. Economy: Home Construction Hits 17-Year Low Bloomberg reports: Builders started work in June on the fewest single-family U.S. homes since 1991 and manufacturing in the Philadelphia region contracted for an eighth straight month, signaling the economic slowdown is worsening.
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