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US: Housing starts fall 8.5pct in January

Posted on 21 February 2013

Housing starts fell 8.5% in January after surging 15.7% the month before, the Commerce Department said Wednesday. The government’s report suggests home builders began work at a slower pace in 2013 than expected though the level was still the third highest since 2008. And new-home starts are likely to pick up in coming months. The number of houses built in 2012 was the most in four years.
The number disappointed analysts who had been expecting January to add on to several months of evidence the housing market rebound is gaining momentum……………………………………Full Article: Source


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