New Homes: Construction Up but Still Low
The relatively small increase is mostly in construction of multi-family dwellings; construction starts of single-family homes still are well below levels set at the beginning of 2010.
Generally a low level of housing starts is good for the long-term economy, since there is excess inventory in the current market. But in the short run, low levels hurt employment. (Click on "Full Story" for a full-size look at the chart.)
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