Housing starts stagnate in February

housing

housingBy Dees Stribling | MHN Online

Housing starts in February came in at an annualized rate of 907,000 units, according to the Census Bureau on Tuesday. That isn’t much changed from January—only 0.2 percent below the revised January estimate of 909,000 units—but it is considerably lower than during February 2013. The annualized rate that month was 969,000 units, meaning the February 2014 rate was down 6.4 percent.

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