Despite the recession caused by the COVID-19 pandemic, at least one sector of the economy seems to be booming: residential construction. Specifically, the construction of single-family homes. Mortgage rates are low, and demand is high as work-from-home life has led many Americans to dream of having a bit more space. U.S. Census Bureau data released Tuesday shows that in September, permits for new single-family homes were up 24 percent compared to last year, and new construction was up 22 percent.

Read the full article at Grist.

Categories: News

0 Comments

Leave a Reply

Avatar placeholder

Your email address will not be published. Required fields are marked *