Housing starts drop to three-month low, but ‘mere blip on the radar’

Screen Shot 2015-09-17 at 10.01.04 AMHousing starts fell to a three month low of 1.126 million in August, missing expectations of 1.116 million, and below last month’s downward revised 1.161 million, the Census Bureau and the Department of Housing and Urban Development said.

The decline was driven by starts in the Northeast tumbling by 34% to 108,000, the lowest prince since March now that a tax-incentive that boosted the region has ended.

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