Housing starts fell most in eight months in February

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The February reading of 1.16 million is the number of housing units builders would begin if they kept this pace for the next 12 months. Within this overall number, single-family starts fell 17 percent to 805,000 units following an unusually high reading of 970,000 units in January.

U.S. new-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage.

U.S. housing starts jumped 18.6 percent in January as builders ramped up construction of single-family houses to the fastest pace in eight months. The Commerce Department. when the annualized rate.

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 · THE BUSINESS TIMES – US homebuilding fell for a secondstraight month in June and permits dropped to a two-year low, suggesting the housing market continued to struggle despite lower mortgage rates. . US housing starts fall; permits hit 2-year low, Real Estate – THE BUSINESS TIMES

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Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for March 2019: Housing starts in March fell. the.

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The February decline returned construction starts to the downward path that emerged during the closing months of 2018. Two of the three main construction sectors registered weaker activity in February.

U.S. new-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage rates.

Housing starts in the United States fell 1.1% to 698,000 units in February, down from 706,000 in January, the government said Tuesday. At the same time, the commerce department reported that.