Single Family Home Starts Drop
Diana Heeb Bivona
A recently released report from the Commerce Department shows that single-family builders broke ground on fewer homes in December. Many builders appear to be focusing on cutting their current inventory levels before building any additional homes. While single-family housing starts were down, total housing starts which also includes condos and apartments were up overall.
Regional breakdown for total housing starts:
Northeast: rose 25.6%
Midwest: 1.8%
West: 12.4%
South: 2.0%
Popularity: 27%