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Housing starts in U.S. fell in February from three-year high

Posted on 21 March 2012

Housing starts in the U.S. fell in February from a three-year high, showing the recovery in the residential real estate market will take time to develop.
Builders broke ground on 698,000 homes at an annual rate, in line with the median forecast of economists surveyed by Bloomberg News and down 1.1 percent from a January pace that was stronger than previously reported, Commerce Department figures showed today in Washington. Building permits, a proxy for future construction, climbed to the highest level since October 2008………………………………………..Full Article: Source


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