
Economy
Contractors Building Less, and That Could Stop Housing Price Declines Later
Weak sales are beginning to change contractor behavior: construction starts fell 7 percent, even though the number of building permits increased. Contractors have some 84,000 new apartments remaining, but if construction continues to slow and sales recover, the supply of apartments could shrink in two to three years.
· Source: N12. Photo as published in the article
Weak sales are beginning to change contractor behavior: construction starts fell 7 percent, even though the number of building permits increased. Contractors have some 84,000 new apartments remaining, but if construction continues to slow and sales recover, the supply of apartments could shrink in two to three years.


