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Housing starts fall in sign of slow, steady recovery

New-home construction in Aug declines 3% to a 1.13m annualised rate from a 1.16m pace the prior month

Published Thu, Sep 17, 2015 · 09:50 PM
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Washington

NEW-HOME construction in the United States fell in August, indicating the real-estate recovery will take time to evolve.

Residential starts declined 3 per cent to a 1.13 million annualised rate from a 1.16 million pace the prior month that was slower than previously estimated, a Commerce Department report showed on Thursday in Washington.

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