U.S. Housing Starts Posted Their Biggest Decline in 27 yrs in February

Housing starts in the U.S. dropped 22.5% last month to an annual rate of 479,000 units from a revised January rate of 618,000, according to Commerce Department data released on Wednesday. The new starts posted their biggest decline in 27 years in February after falling well short of the expectations of economists, who had expected [...]
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