United States home construction fell 1.6 percent in September as builders continue to be tripped up by supply chain bottlenecks.The Department of Commerce reported on Tuesday that the decline in September left home construction at a seasonally adjusted annual rate of 1.56 million units, 7.4 percent above the rate one year ago. August’s number was revised upward to 1.72 million from 1.62 million.Applications for building permits, a barometer of future activity, declined 7.7 percent from August to 1.59 million, but is virtually unchanged from September 2020.
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