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May 20, 2020

Home construction drops 30.2% in April

WASHINGTON (AP) — U.S. home building plunged again in April, taken down by the economic fallout from the coronavirus pandemic.

The Commerce Department said Tuesday that ground breakings plummeted 30.2% last month to a seasonally adjusted annual rate of 891,000. Construction of single-family homes dropped 25.4% to an annual rate of 650,000.


 
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