The number of new buildings in the US decreased in March

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In March, the construction of 1, 139 new homes was started in the United States, which is 0.3% less than in February. The March figure was the lowest since May 2017 and turned out to be much lower than economists estimate of 1 thousand 225 new homes. In addition, the fall also showed the number of permits for the construction of new homes, issued in March. Their number fell to 1 million 269 thousand. Compared with the previous month, the figure fell by 1.7%. At the same time, economists predicted an increase in permits by 0.7%. In March, construction of 785,000 single-family homes was started, which is 0.4% less than the February figure. The construction of apartment buildings remained at the February level of 354 thousand homes. According to experts, the slowdown in the construction of new homes in the US is associated with rising costs for labor and building materials.

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