US March new housing starts down 14.7% mth/mth
Below expectations (Il Sole 24 Ore Radiocor) - Washington, 16 Apr - US housing starts in March fell 14.7% to a seasonally adjusted rate of 1,321,000 from the revised February estimate of 1,549,000 and is 4.3% below the March 2023 rate of 1,380,000, the US Census Bureau and the US Department of Housing and Urban Development said.
Expectations were for housing starts of 1.480 million.
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(RADIOCOR) 16-04-24 14:35:23 (0485) 5 NNNN