U.S. Home Building Drops 22.3 Percent Amid Coronavirus Shutdown

Home building has declined in the U.S. by 22.3 percent in March amid coronavirus. (shutter stock).

As the coronavirus shutdown enters its second month U.S. home-building dropped in March to 22.3 percent from the previous month, according to the Associated Press.

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. 

Share: