Adding another sign that the housing market is slowing down, new home construction in the U.S. fell last month to its lowest level since May 2017, despite declining mortgage rates. The news could signal that homebuilders are having a difficult time constructing cost efficient homes amid rising supply and labor costs. In March, overall construction starts dropped 0.3 percent to a 1.139 million annualized rate, according to Bloomberg. This is down from a rate of […]
source https://therealdeal.com/miami/2019/04/19/everywhere-a-sign-new-home-construction-falls-in-march/#new_tab
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