Housing Starts Fall in January
Housing starts fell 2% in January to a 1.07 million annual rate from 1.09 million in the prior month. The decline was primarily due to a drop in single-family starts which contracted by 6.7 percent to a 678,000 rate in January from 727,000 the previous month. The latest housing start figure seems to indicate that the housing recovery continues to be uneven.
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