Real Estate
Sweden Home Starts Indicator Hits 9-Year Low After Price Slump
- June dwelling starts fell for 22nd month in data by Byggfakta
- Recent price rebound has made Swedes more optimistic on market
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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.
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.