By Canadian Press

US home construction falls 5.1% in August after gains

Sep 17, 2020 | 5:50 AM

WASHINGTON — U.S. housing construction fell 5.1% in August after three months of strong gains as home builders mounted a rebound following a pandemic-induced shutdown in March and April.

The Commerce Department reported Thursday that new homes were started at a seasonally adjusted annual pace of 1.42 million last month after a 17.9% surge in July.

The August drop was bigger than expected but still left housing construction 51.6% above the low hit in April.

A builders’ survey of sentiment this week found strong optimism that home building is on the upswing.

roster shakeup

Nanaimo Clippers lose two major players to Major Junior ranks

1h ago

armed robbery

Knife-wielding man robs south Nanaimo liquor store

9h ago

Shorthanded

Clippers fall short hosting Bulldogs

16h ago

Martin Crutsinger, The Associated Press