Housing starts lackluster

South makes up more than half of starts, sees biggest decrease

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New, private housing starts in February remained largely flat at a seasonally adjusted annual rate of 575,000, an estimated 0.2 percent above last year’s February rate of 574,000, according to a report by the U.S. Census Bureau and the Department of Housing and Urban Development. This follows an estimated 21 percent year-over-year jump in January (see story).

Starts in February dropped an estimated 5.9 percent from January’s upwardly revised estimate of 611,000.