Home construction drops more than expected

February 2009
Long Island Business News (7/1993 to 5/2009);2/20/2009, Vol. 56 Issue 9, p10A
The article reports that home construction and applications dropped to record lows in January 2009 in Long Island, New York. According to the Commerce Department, the construction of new homes and apartments plunged 16.8% to a seasonally adjusted annual rate of 466,000 units. It also reports that applications for building permits dropped to a record low, falling 4.8%.


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