Tuesday, December 12, 2017
 
 
News: Page (1) of 1 - 01/19/12 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
US housing starts fall, 2011 a bad building year
US housing starts fall, builders end 2011 with worst year for single-family home construction
By The Associated Press

WASHINGTON (AP) ' U.S. builders ended 2011 with a third straight year of dismal home building and the worst on record for single-family home construction.

The Commerce Department says builders started just 606,900 homes in 2011. That's up slightly from 587,000 in 2010 and 554,000 in 2009 ' the worst year on records dating back 50 years. In a healthy market, economists say, about 1.2 million homes are started each year.

In December, builders broke ground on a seasonally adjusted annual rate of 657,000 homes, down 4 percent from the previous month.



Last year was the worst on record dating back a half-century for single-family home construction, which accounts for roughly 70 percent of the market. Builders started just 428,600. In a good economy, builders break ground on about 840,000.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines