TRD Insights: Resi construction plunges in April

The coronavirus pandemic’s impact on the residential construction industry was initially blurry, largely because the data reflected only two weeks of its onset. But now April’s residential new construction census figures are in. It’s not a pretty picture. Seasonally adjusted authorizations of single- and multifamily units last month fell to 1,074,000, a 21 percent drop from their March level. Meanwhile, seasonally adjusted housing starts dropped to 891,000 units, down 31 percent from March. Looking back

source https://therealdeal.com/2020/05/21/trd-insights-resi-construction-plunges-in-april/