Apr
18
Housing Starts in U.S. Fell in March to a Four-Month Low
ByNew-home construction in the U.S. cooled in March to a four-month low as starts of single-family properties settled back from the strongest pace in almost a decade, Commerce Department data showed Tuesday.
Key Points
- Residential starts decreased 6.8 percent to a 1.22 million annualized rate from a 1.30 in February
- Forecast was for 1.25 million rate; February’s figure was revised from 1.29 million
- Permits, a proxy for future construction, climbed 3.6 percent to a 1.26 million annualized rate in March…
Housing Starts in U.S. Fell in March to a Four-Month Low
