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US Housing Starts -45% since January, Canada -24%

By Alex Carrick
The Daily Commercial News
May 22, 2020
Category: Finance & Economics
Region: Canada, United States

The story of the recent deterioration in U.S. and Canadian housing starts can best be told through a series of graphs. Both nations began this year with relatively high levels of residential groundbreakings. …The decline in new home starts in the U.S. during the latest two months, however, has been brutal. First, they shrank to 1.3 million units in March, then to 0.9 million in April. …Canada‚Äôs contraction, January to April, has been one-quarter. 

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