Economic Buzz: US Housing Starts Fall In January

Economic Buzz: US Housing Starts Fall In January

Feb 20, 2020 03:02 IST capital market

US housing starts slumped by 3.6 percent to an annual rate of 1.567 million in January after soaring by 17.7 percent to a revised rate of 1.626 million in December, a report released by the Commerce Department on Wednesday showed. With the decrease, housing starts pulled back after reaching their highest level since hitting 1.649 million in December of 2006.

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