US single-family housing starts plunge; building permits drop
Yahoo Finance -

The report from the Commerce Department on Tuesday also showed permits for future construction of single-family houses fell to a five-month low. Single-family housing starts, which account for the bulk of homebuilding, dropped 12.4% to a seasonally adjusted annual rate of 1.022 million units last month, the Commerce Department's Census Bureau said. Data for February was revised higher to show single-family starts rebounding to a rate of 1.167 million units instead of the previously reported...

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