Housing Crisis: Home Building Dives
Posted on: Apr 1st, 2008 | By Contrarian Profits | Filed under Financial News, Real Estate Investments
A new government report shows home building tumbled in February for a record 24th straight month.
The Commerce Department reported shows that construction activity dropped 0.3% in February, while residential construction dropped by 0.9%.
According to AP, “residential activity has fallen every month since March 2006, a record period of declines that underscored the severe downturn that is going on in housing.”
