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Business Report: Gas tax analysis, airport delays

New U.S. home construction fell sharply in July, down 9.6% compared to a year ago

08/16/2022

NJ Spotlight News

Business Report: Gas tax analysis, airport delays

Clip: 8/16/2022 | 3m 14sVideo has Closed Captions

New U.S. home construction fell sharply in July, down 9.6% compared to a year ago

New U.S. home construction fell sharply in July, down 9.6% compared to a year ago and more home sales contracts are being canceled as potential buyers walk away from properties. The real estate firm Redfin, says of the homes that went under contract last month, more than 16% of the deals fell through. That’s the highest percentage on record, with the exception of spring 2020 early in the pandemic.

08/16/2022

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NJ Spotlight News is a local public television program presented by THIRTEEN PBS

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