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.
About author
You might also like
Homeowners Have More in Equity, But Mood Soured by Rising Mortgage Rates
Home prices have been rising for 53 straight months, lifting millions of borrowers from underwater on mortgages. In the first three quarters of 2016 alone, howeowners added $837 billion in
Brown Revisits Efforts To Increase Housing Construction
In releasing a state spending plan for the next fiscal year, Gov. Jerry Brown revisited efforts to increase new housing through legislation that would streamline permitting and create incentives for
