US Housing Starts

US housing starts dropped in February Weaknesses in multifamily construction dragged down the numbers

February was not a great month for housing starts in the U.S.

They fell 7 percent compared 上海龙凤论坛sh1f

to January thanks to weaknesses in multifamily construction, hitting an annual rate of about 1.2 million, according to the Wall Street Journal. Permits for residential buildings also fell 5.7 percent to an annual pace of about 1.3 million, while multifamily construction dropped by 26.1 percent.

In January, housing starts were at an annual pace of about 1.3 million, while permits were at about 1.4 mil上海千花网交友

lion, the newspaper reported.

The market for single-f上海龙凤论坛sh1f

amily homes has remained fairly strong, but as the condo and apartment markets  have cooled off, construction of larger buildings has slowed.

Things looked particularly good in the western part of the country, where the construction of singl上海千花网龙凤论坛

e-family homes hit its best pace in more than 10 years. [WSJ]  – Eddie Small

Tags: Development, Housing Market, Residential Real Estate
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