US housing market shows strength before virus outbreak

Fri, Mar 20, 2020 - 5:50 AM

Permits for the future construction of single- family homes raced to their highest level since 2007, said the Commerce Department on Wednesday.

PHOTO: AFP

Washington

US HOMEBUILDING fell less than expected in February as a plunge in the construction of multi-family housing units was blunted by a surge in single-family projects, suggesting some strength in the housing sector before the novel coronavirus pandemic severely disrupted economic...

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