New Home Construction Down in September
New home construction fell 10.2% in September according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. The new housing starts were down 30.8% over September 2006 numbers. This represents the lowest number in 14 years.
On the positive side, with less new construction, hence less competition, home sellers will benefit.
To read more: Housing Starts September 2007