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Housing starts fell most in eight months in February

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"They were down 8 percent in February, which is the worst it’s been in eight months, so we’re taking our profits. home prices and the real estate environment – housing starts data are the most.

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A gain in March housing starts. from the prior month and exceeding the 520,000 median forecast of economists surveyed by Bloomberg News, figures from the Commerce Department showed today in.

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U.S. housing starts decline most in eight months in February Katia Dmitrieva , Bloomberg News A worker saws a section of lumber inside a home under construction in Ellenton, Florida, U.S., on Thursday, July 6, 2017.

New-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage rates. residential starts fell 8.7% to a 1.16 million annualized rate, below estimates, after an upwardly revised gain the prior month , according to government figures Tuesday.

U.S. new-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage rates. Residential starts fell 8.7% to a 1.16 million annualized rate, below estimates, after an.

The percent decline was the largest in eight months, and bad weather could have contributed to the sharp drop in homebuilding last month. US housing starts fall on weak single-family homebuilding.

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U.S. Housing Starts Decline Most in Eight Months in February New data suggests developers continue to struggle to build affordable properties amid rising costs for materials and labor.

The February reading of 1.16 million is the number of housing units builders would begin if they kept this pace for the next 12 months. Within this overall number, single-family starts fell 17 percent to 805,000 units following an unusually high reading of 970,000 units in January.

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