Sweden home starts indicator hits 9-year low after price slump
An indicator of Sweden’s residential construction declined to the lowest level in almost nine years as one of the world’s worst housing price slumps takes a toll on activity.
By Ott Ummelas / Bloomberg
The dwelling subcomponent of the monthly Byggfakta indicator fell in June for a 22nd month in a row to the weakest point since August 2014 after a preliminary improvement in May was revised to a drop, according to a statement on Wednesday. Still, growth in other parts of the construction industry helped overall building starts rise for a second month.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
