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Factory output, housing starts tumble in March
Construction of single-family homes in Midwest sees biggest decline in three years; building permits increase
Add BT as a preferred sourcePublished Tue, Apr 18, 2017 · 09:50 PM
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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 per cent to a seasonally adjusted annual rate of 1.22 million units, the Commerce Department said on Tuesday.
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