Housing starts drop to lowest level of 2010
Posted By:
Tom Sanderson
Date Posted:
Tuesday, August 24, 2010
8:47 AM
July housing starts totaled 546 thousand down from 549 thousand in June. Housing starts remain far below the average of just over 1.5 million per year over the last 40+ years, and even farther below the 2.2 million peak of the most recent housing boom. Since 1968, the U.S. population has grown from 200 million to over 300 million. Low housing starts not only impact transportation demand for building products but also for appliances, furniture, and other related items.
