Homebuilding Up, But Not Single Family Homes

Credit: Wochit Business
Published on December 18, 2018 - Duration: 00:43s

Homebuilding Up, But Not Single Family Homes

WASHINGTON (Reuters) - U.S. homebuilding rebounded in November, driven by a surge in multi-family housing projects, but construction of single-family homes fell to a 1-1/2-year low, pointing to deepening housing market weakness that could spill over to the broader economy.

FILE PHOTO: Development and construction continues on a large scale housing project of over 600 homes in Oceanside, California, U.S., June 25, 2018.

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Homebuilding Up, But Not Single Family Homes

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