Sweden’s Depressed Housing Starts Exacerbate Shortage of Homes
- Dwelling component of Byggfakta indicator is at nine-year low
- Decline in home construction follows housing market slump
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A sharp slowdown in residential construction in Sweden over the past two years threatens to worsen a housing shortage in the biggest Nordic country.
An indicator of housing starts remained at the lowest level in almost nine years in July, unchanged from the month before, as construction has stalled after a year of falling housing prices, data published on Wednesday showed.