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U.S. Housing Starts Plunge 10.3% In February, Pulling Back Further Off 14-Year High

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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New residential construction in the U.S. showed a substantial decrease in the month of February, according to a report released by the Commerce Department on Wednesday, with housing starts extending the sharp pullback seen in the previous month.

The report said housing starts plummeted by 10.3 percent to an annual rate of 1.421 million in February after slumping by 5.1 percent to a revised rate of 1.584 million in January.

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