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Poor housing data adds to signs of weak Q1 GDP growth

March housing starts fall; permits for future home construction at 1-year low

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US housing starts fell more than expected in March and permits for future home construction hit a one-year low, suggesting some cooling in the housing market in line with signs of a sharp slowdown in economic growth in the first quarter.

Washington

US housing starts fell more than expected in March and permits for future home construction hit a one-year low, suggesting some cooling in the housing market in line with signs of a sharp slowdown in economic growth in the first quarter.

Groundbreaking decreased 8.8 per...

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