Content: Long Island Construction Law did not create this content. This article was written by The Associated Press, and was published to the Long Island Business News on March 18th, 2020.
New home construction fell again in February, but not as much as the previous month. Those declines follow a December surge which had pushed home construction to the highest level in 13 years. Builders started construction on 1.60 million homes at a seasonally adjusted annual rate, a decline of 1.5% from 1.62 million units in January, the Commerce Department reported Wednesday.