Housing starts fell most in eight months in February

US housing starts slumped 8.7 percent in February on WTOP. (AP) – The number of homes under construction fell 8.7 percent in February, million units last month, down from a 1.27 million pace in January.. More News.

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.

Housing starts in the US dropped 0.9 percent from a month earlier to a. adjusted annual rate of 1,162 thousand units in February 2019, following a downwardly. United States Housing, Last, Previous, Highest, Lowest, Unit.

Single-family starts jumped 25.1 percent, the biggest one- month gain since 1979, to 926,000, though permits for the category fell 2.1 percent. permits were up 4.8 percent. Other reports have.

Starts for the volatile multi-family housing segment jumped 17.8 per cent to a rate of 357,000 units in February. Permits for the construction of multi-family homes fell 4.2 per cent to a pace of.

More. Expand / Collapse search. Login. Watch TV. . Hot Topics. WASHINGTON – The number of homes under construction fell 8.7 percent. of 1.16 million units last month, down from a 1.27 million pace in January.. Cold weather in February also likely contributed to the decline in housing starts, while .

Housing starts in February were down 8.7% from January to a seasonally adjusted annual rate of 1,162,000, 9.9% below the February 2018 rate of 1,290,000, the Census Bureau and the Department of.

Most economists. percent in February. Starts of multifamily homes, including apartments and townhouses, rose 8.9 percent to a 343,000 annual rate after sinking 14.3 percent a month earlier, the.

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The February decline returned construction starts to the downward path that emerged during the closing months of 2018. Two of the three main construction sectors registered weaker activity in February.

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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.

WASHINGTON-A gauge of home building across the U.S. declined in February, driven by a drop in single-family home construction. So-called housing starts fell 8.7% in February from the prior month.