U.S. Home Building Drops 22.3 Percent Amid Coronavirus Shutdown
On Thursday The Commerce Department said “ground breakings occurred last month at a seasonally adjusted annual rate of 1.2 million units, down from a 1.56 million pace in February. Construction of single-family houses fell 17.5%, while apartment and condo starts were off 32.1% from a month ago.”
Since the start of the lockdown to quell the spread of COVID19, more than 20 million Americans have lost their jobs in the past four weeks.
For more on this story go to the AP.