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Business & Economics

U.S. new homes activity falls due to uncertainty over the economy

calgaryherald
Summary
Nutrition label

65% Informative

New homes starts in the United States felt the chill of its administration’s volatile trade and economic policies in March .

The decrease in activity was felt most in the single-family detached homes market, down more than 14 per cent versus the multi-family market where starts dropped 3.5 per cent .

Driving the reduced activity is the fall in confidence among homebuilders in the U.S. resulting from President Donald Trump 's trade policy, which has involved announcing tariffs one week , which are then pushed out a month or more.

VR Score

80

Informative language

86

Neutral language

50

Article tone

formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources