Wednesday, December 1, 2021 12:52 pm

Housing starts fell to lowest level since October

new-housing-starts.gi.topBy Anna Louise Sussman and Chris Kirkham | The Wall Street Journal

The pace of home building in the U.S. fell in March to its lowest level since October, another sign momentum in the housing market is slowing after a strong 2015.

The monthly fallback retraces some of February’s gains, leaving the overall trend for the first quarter largely flat compared to the previous year’s pace.

Housing starts fell 8.8% from a month earlier to a seasonally adjusted annual rate of 1.089 million in March, the Commerce Department said Tuesday.

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