Brian Turner
19 Apr, 2022
New York City
Seasonally adjusted housing starts in March rose 0.3% to an annual rate of 1.79 million units from the revised February estimate of 1.788 million and 3.9% higher from the 1.727 million rate a year ago. Single-family housing starts fell to a rate of 1.2 million units, a decline of 1.7% from the revised rate of 1.221 million rate in the previous month, Housing completions in the month declined 4.5% to a rate of 1.3 million from February revised rate of 1.33 million and plunged 13% from a year ago. Single-family home completions fell 6.4% to a rate of 1 million from the February revised rate.
