US housing starts in April plunged by the most on record going back to 1959 as sweeping lockdowns to contain the coronavirus pandemic continued to slam the housing market. Coronavirus has significantly constrained the construction of new homes, according to the most recent housing data from the US government, even while city dwellers rattled by the pandemic are increasingly interested in buying new houses in the suburbs. The latest reports issued show significant declines in building permits, housing starts, and completions in new residential construction across the US. The number of privately-owned housing units authorized ...
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