homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

May 19, 2021

Home construction falls a sharp 9.5% in April

By MARTIN CRUTSINGER
AP Economics Writer

WASHINGTON — U.S. home construction fell a surprisingly sharp 9.5% in April and economists attributed that partially to builders who delayed projects because of a surge in lumber prices and other supply constraints.

The April decline left construction at a seasonally adjusted annual rate of 1.57 million units, the Commerce Department said Tuesday. That was down from a rate of 1.73 million units in March, which had been the best showing since the peak of the housing boom in 2006.


 
. . .


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




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