New-home construction declines 2 percent in September
New-home construction declined in September, as homebuilders pulled fewer permits for single-family homes, according to statistics compiled by the Construction Industry Research Board (CIRB). Homebuilders pulled permits for 2,150 single-family homes in September, a decline of 2 percent compared with August and a 12 percent decline compared with September 2008.
CIRB also announced it is revising its forecast downward from 39,500 units to 37,700 units in 2009, the lowest total on record.
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