Marketplace®

Daily business news and economic stories

Home building remains stuck in the mud

Last month's flooding did not help matters.

Construction workers are seen outside a new house being built in Monterey Park, California on March 19, 2019. - The Los Angeles metro area is one of the worst areas in the country for first-time home buyers, according to a study released by Bankrate.com, which analyzed the 50 largest metropolitan areas in the country with Los Angeles finishing behind San Francisco as the worst for first-time home buyers. 
Construction workers are seen outside a new house being built in Monterey Park, California on March 19, 2019. - The Los Angeles metro area is one of the worst areas in the country for first-time home buyers, according to a study released by Bankrate.com, which analyzed the 50 largest metropolitan areas in the country with Los Angeles finishing behind San Francisco as the worst for first-time home buyers. 
FREDERIC J. BROWN/AFP/Getty Images

New government data shows home building fell to a nearly two-year low last month. Both building permits and housing starts were down. Midwest flooding last month is one likely factor, but this isn’t just a one-month blip.

 

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    8 minutes ago
    25:17
  • Marketplace Morning Report
    8 hours ago
    8:33
  • Marketplace Tech
    12 hours ago
    10:26
  • Make Me Smart
    a day ago
    21:10
  • Million Bazillion
    4 days ago
    32:45
  • This Is Uncomfortable
    3 months ago
    35:26