Construction of new homes dives 16% in January – National Economic Report

Mostly halted by bad weather in the eastern U.S. construction on new homes dropped 16% in January according to the Economic Report of MarketWatch this morning. Flagstaff’s unseasonably mild weather has certainly not hurt new home construction in Flagstaff since January 1.

The national new homes chart still shows improvement, just not month-to-month:

New home sales annual rate of construction

For more info on new homes in Flagstaff, contact us: Elite Team at RE/MAX Peak Properties.

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