US Housing Starts Ease on Decline in Multifamily Construction
- Construction slipped 0.5% in September to 1.35 million rate
- Starts of one-family houses climbed to highest in five months
This article is for subscribers only.
US housing starts eased in September as a drop in multifamily projects outweighed a pickup in construction of single-family dwellings.
Housing starts decreased 0.5% last month to a 1.35 million annualized rate, according to government data released Friday, after a big rebound in August. The September figure was in line with the median projection in a Bloomberg survey of economists.