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US home starts fall 3.8 percent in January as builders remain conflicted about market's prospects

from Equipment World

U.S. home starts fell for a second consecutive month in January as builder confidence in the market continued its decline. Construction on new homes fell 3.8 percent in January to a seasonally adjusted annual rate of 1.143 million, according to preliminary data from the Commerce Department. That rate is 1.8 percent above the January 2015 figure. Single-family starts fell 3.9 percent to a rate of 731,000, up 3.5 percent from a year ago, while apartment starts fell 2.5 percent to 354,000, down 3.8 percent from a year ago. more


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