You are here

LATEST US DATA

Factory output, housing starts tumble in March

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

BT_20170419_USDATA19_2845681.jpg
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.

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

sentifi.com

Market voices on:

Powered by GET.comGetCom