New housing starts dropped significantly in April, 2009 down 54.2 percent from April, 2008. There were only 458,000 homes started in the month.
The Commerce Department also is reporting new housing starts dropped to levels not seen since 1959. New building permits, an indicator of future building, were also down.
New building permits, which give a sense [...]Thanks for reading this post. If you would like to see more articles like this, please come visit The Real Estate Bloggers. where it was originally published.
Housing Starts Down 54.2 Percent For April, 2009
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