Factory output, housing starts tumble in March

Construction of single-family homes in Midwest sees biggest decline in three years; building permits increase

Wed, Apr 19, 2017 - 5:50 AM

Housing starts decreased 6.8 per cent last month to a seasonally adjusted annual rate of 1.22 million units, the Commerce Department said on Tuesday.

PHOTO: AFP

Washington

US homebuilding fell more than expected in March as the construction of single-family homes in the Midwest recorded its biggest decline in three years, but an increase in building permits suggested the housing market recovery remained intact.

Housing starts decreased 6.8...

To continue reading

for full content

if you are a subscriber

Get our introductory offer at only

$0 .99*/month

Cancel anytime

*$0.99/month for first 3 months

$29.90/month for the next 9 months

Need help?

CALL +65 6388 3838 EMAIL btocs@sph.com.sg

OPERATING HOURS (+8 GMT) MON-FRI: 8:30AM-5:30PM

Register to read this article. Log in if you are already a subscriber. Register to read this article. Log in if you are already a subscriber. Please log in or subscribe to continue reading.