Electricalmarketing 243 20150320emstartmap595
Electricalmarketing 243 20150320emstartmap595
Electricalmarketing 243 20150320emstartmap595
Electricalmarketing 243 20150320emstartmap595
Electricalmarketing 243 20150320emstartmap595

Housing Starts Slide in February

March 20, 2015
Privately-owned housing starts in February were at a seasonally adjusted annual rate of 897,000, 17% below the revised January estimate of 1,081,000 and 3.3% below the Feb. 2014 rate of 928,000.
The U.S. Census Bureau said privately-owned housing starts in February were at a seasonally adjusted annual rate of 897,000, 17% below the revised January estimate of 1,081,000 and 3.3% below the Feb. 2014 rate of 928,000. Single-family housing starts in February were at a rate of 593,000, 14.9% below the revised January figure of 697,000. The February rate for units in buildings with five units or more was 297,000.

“February’s numbers indicate wavering consumer confidence continues to impact the housing recovery,” said David Crowe, chief economist of the National Association of Home Builders (NAHB), Washington, D.C., in a press release. “Even with this month’s drop in production, we expect the housing market to move forward this year in step with an improving economy.”