U.S. housing starts fall sharply in April

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U.S. homebuilding dropped to a five-year low in April, underlining fears that the novel coronavirus crisis would lead to the deepest economic contraction in the second quarter since the Great Depression.

FILE PHOTO: Workers install roof trusses onto a new house in Arvada, Colorado July 10, 2017. REUTERS/Rick Wilking

Housing starts dropped 29.7% on a year-on-year basis in April. Homebuilding fell in all four regions last month. As the country gradually reopens, there are indications the worst of the homebuilding slump in likely over. A survey on Monday showed an increase in homebuilder confidence in May. With at least 21.4 million people having lost their jobs in March and April, however, the housing market could remain subdued for a while even with mortgage rates near record lows.

Source: Real Estate Daily Report (realestatedailyreport.net)

 

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Here we go!!

Pappmaché-Häuser.

No shit.

Not in NYC/NJ suburbs yet.

Vi esta foto y me llamo la atencion Minvu . Hra de pensar en construir viviendas sociales a gran escala c/materiales ligeros. Ventajas: reactiva la economia: construccion, forestal. Proyectos tiempo, costo, eficiencia energetica. Permitira alcance y +m2 para las familias.

Wood truss

Is this good or bad? Lots of Gen X and Millennials still haven't bought their first home.

They cause to cry

The realDonaldTrump economy

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