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US home construction falls 6% in January but permits up

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WASHINGTON – U.S. home construction fell 6% in January but applications for building permits, which typically signal activity ahead, rose sharply.

Last month's decline pushed home and apartment construction down to a seasonally adjusted rate of 1.58 million units in January, compared with 1.68 million in December, the Commerce Department reported Thursday.

Single-family construction starts dropped 12.2% while construction of apartment units rose 16.2%. Applications for building permits, considered a good sign of future activity, were up 10.4% in January to an annual rate of 1.88 million units.

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Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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