November 30, 2021

The Catholic Transcript

Complete News World

New homes in the United States by Reuters begin to fall in October

New homes in the United States by Reuters begin to fall in October

© Reuters. Home Construction in California, USA 03/06/2021. REUTERS / Mike Blake

WASHINGTON (Reuters) – Industry in the United States plunged unexpectedly in October as activity was limited by a shortage of goods and a shortage of land and labor.

The stock fell 0.7% last month to 1.520 million units, according to the Commerce Department.

September data revised to 1.530 million units, down from 1.555 million previously announced. Economists consulting with Reuters have forecast a recovery of 1.576 million units.

In turn, housing rose 4.0% to 1.650 million units in October.

(By Lucia Muttigani)

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