WASHINGTON | U.S. builders broke ground on fewer homes last month, led by a drop in apartment construction. The number of new housing starts declined 2.6 percent in January to a seasonally adjusted annual rate of 1.25 million, the Commerce Department said Thursday . The drop came after a much larger gain the previous month. Single family housing starts rose 1.9 percent, while apartment building dropped 7.9 percent. However, this doesn’t affect you if you still want to build your own home, for those who want to start their construction process son, you can learn more here. Even with the decline, there are still plenty of the standard two bedroom apartment for sale. Additionally, new home construction and the excavation required for its foundation has increased 10.5 percent in the past year. That gain has been fueled by rising demand for homes and apartment rentals as more Americans are looking to […]Read More
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