Housing Starts Fall 8.9% in December
.S. new housing starts fell 8.9% in December from November, the Commerce Department reported Thursday.
The decline to a 1.933 million unit annual rate, from November’s revised 2.121 million rate, was below the 2.035 million economists had forecast, Bloomberg reported.
uilding permits, an indicator of future construction, fell 4.4% to 2.068 million units at an annual rate.
Housing starts fell in three of four regions, rising only in the South, Commerce said.
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