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Housing Shows Weakening Trend Across All Regions in September
NAHB data show a 7.6 percent drop in housing starts to a 1.68 million annual rate in September from August. Single family starts fell 6.9 percent to 1.12 million, while multifamily starts slid 8.9 percent to 564,000. Regional declines occurred in the Northeast 15.3 percent, Midwest 10.9 percent, West 9.2 percent, and South 1.4 percent, with annual nine month totals near 1.43 million. NAHB projects 1.84 million starts for 1986, then 1.58 million for 1987.
MENTIONED IN THIS ARTICLE
National Association of Home Builders
NAHB
David C. Smith
Smith
Midwest