The Commerce Department said housing starts plunged by 11.4 percent to an annual rate of 1.324 million in March after surging by 9.8 percent to a revised rate of 1.494 million in February.

It has raised the benchmark overnight interest rate by 525 basis points since March 2022. Starts for housing projects with five units or more plunged 20.8% to a rate of 290,000 units. Overall ...

Housing starts in the US fell in March by the most in a year, as weak demand from high prices and mortgage rates gives builders little confidence to break ground. New residential construction ...

(MENAFN- The Rio Times) The U.S. Census Bureau and Department of Housing and Urban Development reported that new housing starts in March 2025 dropped 11.4% from February, reaching a seasonally ...

Permits for future construction of single-family housing fell 2.0% to a rate of 978,000 units in March. Starts for housing projects with five units or more were unchanged at a rate of 371,000 units.

The number of housing units that started construction in May fell to the lowest level since 2020 as the sector battles ...

US housing starts rose in February by more than forecast after a weather-related plunge, led by a pickup in single-family home construction underpinned by builder incentives. New residential ...

Single-family permits issued for new construction, a key indicator of future home construction, also fell 5.1% from March and were down ... health and direction of the US economy. When single-family ...

Housing starts, a measure of home construction, dropped 11.4% in March from February, according to new Census Bureau data. That marked the steepest plunge in a year.

The Commerce Department said housing starts plunged by 11.4 percent to an annual rate of 1.324 million in March after surging by 9.8 percent to a revised rate of 1.494 million in February.

WASHINGTON (Reuters) - U.S. single-family homebuilding plunged to an eight-month low in March and could decline further as tariffs on imported materials raise costs and offset declining mortgage rates ...