homeWelcome, sign in or click here to subscribe.login
     


 

 

Construction


Subscriber content preview

October 20, 2016

Apartment construction drops 38% in September

  • But, single-family home construction was up 8.1% and building permit applications were up 6.3%.
    • By MARTIN CRUTSINGER
    AP Economics Writer

    WASHINGTON — Homebuilders pulled back on construction for a second straight month in September, with a plunge in apartments offsetting gains in single-family homes. Building activity was weak in all parts of the country except the Midwest.

    Construction tumbled 9 percent in September to a seasonally adjusted annual rate of 1.05 million units, the Commerce Department reported Wednesday. It was the slowest pace in 18 months. Construction had fallen 5.6 percent in August.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.