The Commerce Department said housing starts plunged by 11.4 percent to an annual rate of 1.324 million in March after surging by 9.8 percent to a revised rate of 1.494 million in February.

(MENAFN- The Rio Times) The U.S. Census Bureau and Department of Housing and Urban Development reported that new housing starts in March 2025 dropped 11.4% from February, reaching a seasonally ...

The drop in new home construction in April comes at a time when home affordability is near generational lows amid persistently elevated mortgage rates and a shortage of homes for sale. A prolonged ...

Single-family permits issued for new construction, a key indicator of future home construction, also fell 5.1% from March ... of the US economy. When single-family housing starts plunge, as ...