On September 20, The New York Times reported that builders broke ground on fewer homes in the United States in August, according to the Commerce Department.? Single family homes, which represent roughly two-thirds of home construction, fell 1.4%.? Apartment building plunged 12.4%.? Builders are struggling to compete with deeply discounted foreclosures and short sales, when lenders allow borrowers to sell homes for less than is owed on their mortgages.? Renting has become necessary for many Americans who lost their jobs during the recession and were forced to leave their homes.? To read the full article, please click the following link.? https://www.box.net/shared/xy42lezq1p3ntz51nef8
Source: http://www.waypointresidential.com/home-building-sags-again/
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