Drop in Multifamily Activity Pushes Housing Starts Down in February

摘要

A sharp drop in multifamily construction drove housing starts down 5.9 percent in February, to a seasonally adjusted annual rate of 575,000 units, while single-family activity held steady.rnThe January starts rate was 611,000.rnThe single-family starts rate dipped 0.6 percent, from 502,000 to 499,000 units, and the multifamily rate plunged 30.3 percent, from 109,000 to 76,000.