January Housing Starts Remain Flat

Total housing starts remained virtually unchanged in January although single-family builders continued to pull in the reins on new-home production, according to newly released data from the U.S. Commerce Department. Starts rose by 0.8 percent for the month to a seasonally adjusted annual rate of 1.01 million units, with single-family production down 5.2 percent to a rate of 743,000 units and multifamily production – which tends to display significant month-to-month volatility – up 22.3

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