US construction fell 9pc in Sept

Published October 20, 2016

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 per cent in September to a seasonally adjusted annual rate of 1.05 million units, the Commerce Department reported Wednesday.

Published in Dawn, October 20th, 2016

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