The U.S. Census Dept. said privately owned February housing starts were at a seasonally adjusted annual rate of 1,162,000, -8.7% below the revised January estimate of 1,273,000 and -9.9% below the February 2018 rate of 1,290,000. Single‐family housing starts in February were at a rate of 805,000, -17% below the revised January figure of 970,000. The February rate for units in buildings with five units or more was 352,000.
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