US Housing Starts Decline by Most in a Year on One-Family Homes
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Housing starts in the US fell in March by the most in a year, as weak demand from high prices and mortgage rates gives builders little confidence to break ground.
New residential construction decreased 11.4% to an annualized rate of 1.32 million last month, restrained largely by single-family homes, according to government figures released Thursday. The figure was weaker than the 1.42 million median estimate in a Bloomberg survey of economists.