U.S. Home Starts Fall In February As Multifamily Construction Rises 21 Percent

U.S. home starts were slightly lower in February, posting at an annual rate of 698,000 units.  That’s down 1.1 percent from January.  Construction on multi-family units was up 21 percent in February to an annual rate of 241,000 units.  That contrasts with a 9.9 percent decline in single family construction coming in at an annual rate of 457,000 units.

Calculated Risk puts the numbers in perspective…

aaronlaymanU.S. Home Starts Fall In February As Multifamily Construction Rises 21 Percent

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