New Home construction tumbles in March

Construction of new homes fell in March by the largest amount in five months, with weakness in all regions of the country except the Northeast.

Home construction dropped 8.8% to a seasonally adjusted annual rate of 1.09 million units, the Commerce Department reported Tuesday. It was the third decline in the past four months and left construction at its slowest point since October.

Read more: http://www.usatoday.com/story/money/business/2016/04/19/economy-home-construction-real-estate/83223854/

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