Home Starts Post Worst Monthly Decline In Nearly 40 Years

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The coronavirus pandemic is proving to be a tough time for home construction, even if the sector has been deemed to provide an essential service in most states.

After yesterday’s news that builder sentiment slumped to a record low amid COVID-19, monthly data from the U.S. Census Bureau, published today, shows that seasonally adjusted housing starts plummeted 22.3% in March compared to…

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