Wednesday, November 18, 2009

Housing construction in the United States fell sharply in October

Volumes of new housing in the U.S. fell in October to 10,6% to 529 thousand, being at a record low level since April of this year. This is the largest monthly fall in January of this year.
Until October housing remained approximately the same level for four consecutive months. Economists were expecting a more high-value target - 590 thousand compared to the same period last year, construction of new homes fell by 30.7%.
The number of building permits issued declined in October compared with the previous month by 4% to 552 thousand

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