Construction of New Homes Declines 6.5% in May

By Anonymous -
Construction of new houses across the country dropped 6.5% in May to an annual rate of 1.01 million units, according to a report from the Department of Commerce. Declines have been seen in the construction of single-family and multifamily houses as potential buyers struggle with higher mortgage rates, while builders grapple with a shortage of workers and land. 

From NRCA

Trenton H. Cotney
Florida Bar Certified Construction Lawyer
Trent Cotney, P.A.
407 North Howard Avenue
Suite 100
Tampa, FL 33606
www.trentcotney.com

Comments

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