Sharp Drop in Residential Housebuilding

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Guido Fawkes

Sharp Drop in Residential Housebuilding

The new S&P construction PMI, a closely watched survey of around 150 firms, has posted a sharp drop in residential construction activity. How’s that 1.5 million homes pledge going, Angela? The August PMI of total construction “registered 44.3 in August, down from 44.7 in July and below the neutral 50.0 value for the twentieth successive…