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The scope of construction in the United States over the past month has suffered a reduction

20 June 2019

The scope of construction in the United States over the past month has suffered a reduction

Despite the positive predictions for March and April, the unexpected decline of housing construction in the US has forced analysts to reconsider their data. In addition to the basic movement of the market, the number of permits for the construction of new buildings has increased, which indicates some support on the situation in the mortgage lending. Thus, according to the latest figures, volumes fell 0.9 % of the annual norm, with the attendant seasonal changes.

Due to this reduction and were not built eleven million units of houses, which were part of the analytical predictions of the total result in 1,281 million per average family by the end of may. In addition, earlier results have exceeded even the most bold, positive predictions, thereby taking into account the stability data for the incident was not the slightest prerequisites.

On average, the decline noted in the West and North-East, despite growth in the South, which is the main region in the matter of the main volume of the building of dwellings in the country. Yet companies are struggling to comply with the established plan, because they are limited by shortage of workers and available land.