Sweden Housing Starts Nosedive in Sign of Worse Shortage to Come
Balconies outside a residential apartment block in Stockholm, Sweden.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Sweden’s housing starts extended a plunge into the second quarter as lower home prices and rising construction costs put the brakes on building activity.
Construction started on about 14,550 new homes in the first half of the year, which represents a 57% decline from the year-ago period, Statistics Sweden said on Thursday.