Trade war hits home construction in U.S. factory counties

PERMITS FOR single-family houses declined 3.8% year over year in major manufacturing counties in the second quarter , / BLOOMBERG NEWS FILE PHOTO
PERMITS FOR single-family houses declined 3.8% year over year in major U.S. manufacturing counties in the second quarter , / BLOOMBERG NEWS FILE PHOTO
BOSTON – Homebuilders are pulling back from United States manufacturing areas as shots fired in President Donald Trump’s trade war begin to ricochet across the economic landscape. In major manufacturing counties, permits to build single-family houses declined 3.8% in the second quarter from a year earlier, compared with 10% annual growth in the same period…

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