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Romania Housing Construction Down 16.2% In 3Q

Romanian housing construction fell 16.2% to 11,278 units in the third quarter from the year-earlier period, due to declining activity in both urban and rural areas, the country’s statistics institute INS said Friday.

Florentina Dragu · 2 decembrie 2011 · 1 min de citit

Construction of new homes and apartments in urban areas fell 25.6% on the year to 5,088 units in the third quarter, while housing construction in rural areas declined 6.5% to 6,190 units.

Of the total new homes and apartments built in the third quarter, 10,714 units were privately funded, while 564 units were financed from public funds.

In January through September, housing construction fell 9.5% on the year to 29.084 units, the data showed. Urban constructions decreased 20% to 13,184 units in the first nine months, but new homes in rural areas were up 1.5% to 15,900 units.

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