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Home Construction Sees Big Dip: What's It Mean for the Housing Market?

Mar 27, 2021 by Aly J. Yale

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Construction activity was likely disrupted by abnormally cold weather in February and the related widespread power outages in Texas. Single-family starts in the Midwest and South, the regions that experienced the brunt of the extreme cold, fell 19% combined. In contrast, single-family starts in the Northeast were roughly flat, while in the West they rose 22.9%.

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