• Home
  • Contact Us
facebook
twitter
youtube
Register to win $297 in this week’s Cash Giveaway at Weiss Electric on Hwy 9 S in Centre!
Like us on Facebook and follow us on Twitter @weisradio!
WEIS 100.5 FM & 990 AM, Southern, Country, and American Proud!
  • HOME
  • Today’s Info
    • Obituaries
    • Trading Post
    • Community Calendar
    • Church News
    • Yard Sales
    • Contest Winners
    • Photo Slideshows
    • Weiss Lake Area Fishing
    • Georgia Lottery
  • News
    • Local News
    • Area News
    • National News
    • World News
    • Political News
    • Business News
    • Health News
    • Church News
    • Community News
  • Sports
    • Local Sports
    • High School Basketball Broadcast Schedule
    • End Zone Show
    • WEIS Prep Scoreboard
    • High School Football Broadcast Schedule
    • Weiss Lake Area Fishing
    • National Sports
    • Auburn Tigers
      • Auburn Football
      • Auburn Men’s Basketball
    • Alabama Crimson Tide
      • Alabama Football
      • Alabama Men’s Basketball
  • Weather
    • Weather Center
    • 7-Day Forecast
    • Regional Radar Loop
    • National Weather Service
  • Entertainment
    • Entertainment News
    • Country Music News
    • Southern Gospel News
    • Billboard.com Hot Country Charts
  • Listen Live
  • About Us
    • Station Info
    • Staff Directory
    • Contact Us
    • FCC Public Inspection File

Take New Home Construction Numbers with ‘a Grain of Salt’

19 Oct 2016
ABC News Radio
Off
Print Friendly, PDF & Email

iStock/Thinkstock(NEW YORK) — New home construction fell again in September to its lowest rate in 15 months, but that’s not all bad news.
 
According to the Department of Commerce, while there was a sharp drop in the number of multi-family homes being built, there was an eight percent gain in single family home construction. National Association of Homebuilders Chief Economist Robert Dietz says that rise in single family home starts is a good sign for the economy.
 
“As we see gains in single family construction the homebuilding component of the overall economy should grow and that should be good news in terms of economic output and job creation,” Dietz tells ABC News.
 
Since the September slump comes on the heels of a summer surge in multi-family home building, Dietz says the overall decline points to a market adjustment. But it may also just come down to demographics and shifting demand.
 
“Aging millennials, as they obtain careers are able to save for a down payment get married and have kids, there’s going to be an increasing demand for the single family side of the market,” Dietz says.
 
So while those numbers are down, Dietz advises not to let the bad news about the economy overshadow the good.
 
“Take it with a bit of a grain of salt,” he told ABC News. “On the single family side, it’s continued growth long trend.”
 
Copyright © 2016, ABC Radio. All rights reserved.

About the Author
WEIS Radio App Apple App Store Googe Play Store

Facebook

Twitter

Tweets by @weisradio

Recent Posts

  • Verne Troyer, who played Mini-Me in “Austin Powers” films, dead at 49
  • President Trump considering posthumous pardon of boxer Jack Johnson
  • Starbucks’ mass training after controversial arrests will focus on ‘implicit bias’
  • President Trump, first lady to host Macrons at Mount Vernon
  • Natalie Portman snubs $1 million award, blames Benjamin Netanyahu
  • Honeymoon-bound newlywed gets well-wishes from United passengers, thanks to sister
  • Gunman on the run after killing four people at a Waffle House near Nashville
  • ‘Obviously, Kim Jong Un has learned about public relations’ with suspension of nuclear tests: Senator
  • 2018 Cherokee County Relay For Life Proves To Be A Great Success
  • Gunman on the run after killing 4 people at a Waffle House near Nashville

Sections

  • Area News
  • Church News
  • Community Calendar
  • Country Music News
  • Entertainment News
  • Local News
  • Local Sports
  • main
  • National News
  • National Sports
  • Obituaries
  • Southern Gospel News
  • Weather Center
  • World News

More on WEIS Radio

  • 7-Day Forecast
  • Alabama Crimson Tide Football
  • Alabama Crimson Tide Men’s Basketball
  • Auburn Tigers Football
  • Auburn Tigers Men’s Basketball
  • Contest Winners
  • End Zone Show
  • Slideshow Landing Page
  • Trading Post
  • WEIS Prep Scoreboard
  • Weiss Lake Area Fishing
  • Yard Sales

About Us

  • Contact Us
  • Staff Directory
  • Station Info

Archives

Follow Us

facebook
twitter
youtube
© 2018 Baker Enterprises, Inc. All rights reserved.