US home construction drops 30.2% in April as virus rages

Posted at 9:57 AM, May 19, 2020
and last updated 2020-05-19 10:57:43-04

WASHINGTON (AP) — U.S. home building plunged again in April, taken down by economic fallout from the coronavirus pandemic.

The Commerce Department said Tuesday that ground breakings plummeted 30.2% last month to a seasonally adjusted annual rate of 891,000.

Construction of single-family homes dropped 25.4% to an annual rate of 650,000.

The lockdowns and travel restrictions designed to contain the pandemic have brought economic life to a near standstill.

The unemployment rate is 14.7%, highest since the Great Depression.

The construction slump is likely to continue.

Building permits for new housing dropped 20.8% to an annual rate of 1.07 million.

Coronavirus in Wisconsin

More data on Wisconsin's vaccination progress here.

Find a vaccination site here.

Check out county-by-county coronavirus case numbers here.

More information: COVID-19 on the Wisconsin DHS website

Latest news and headlines here.