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Sponsored by Quicken Loans |
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Home-Building Slides in March, but Permits Show Promise |
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Home-building slid in March, 6.8 percent below estimates to a rate of 1,215,000, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts decreased 6.2 percent from February to 821,000. Starts for units in buildings with five units or more came in at 385,000. "[These] numbers are aligned with our builder confidence metric, which contracted slightly this month but is on solid footing overall," says Granger MacDonald, chairman of the National Association of Home Builders (NAHB). ...
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