The pace of single-family home production remained virtually unchanged in February with a 0.6 percent decline to a seasonally adjusted annual rate of 499,000 units, according to figures released by the U.S. Commerce Department. Meanwhile, a large decline on the more volatile multi-family side brought the overall number of housing starts down 5.9 percent to a seasonally adjusted annual rate of 575,000 units.
“The single-family numbers are fairly encouraging, in that the level of buildi
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