Housing Starts Slump 7.8%

Construction of new U.S. houses retreated for the second straight month in March after hitting a 33-year high in January, the Commerce Department reported April 18. Starts fell 7.8% in March to a seasonally adjusted 1.96 million annualized units, the ...

Agence France-Presse

April 18, 2006

Construction of new U.S. houses retreated for the second straight month in March after hitting a 33-year high in January, the Commerce Department reported April 18.

Starts fell 7.8% in March to a seasonally adjusted 1.96 million annualized units, the lowest level since March 2005.

The figure was well below the average analyst forecast of an annualized rate of 2.025 units.

Copyright Agence France-Presse, 2006

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2025. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.