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Worries On Multiple Fronts Pushes New Home Starts Into The Muck

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Worries On Multiple Fronts Pushes New Home Starts Into The Muck

Worries On Multiple Fronts Pushes New Home Starts Into The Muck

Reuters reports U.S. homebuilding tumbled to a more than two-year low in December.

In the latest indication that the economy lost momentum in Q4, the construction of both single and multi-family housing declined.

Housing starts dropped 11.2% to a seasonally adjusted annual rate of 1.078 million units last month, the weakest reading since September 2016.

Still, the economy’s outlook continues to be overshadowed by multiple fears.

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Worries On Multiple Fronts Pushes New Home Starts Into The Muck

JUNE 6, 2015 PHOTO.




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