Single-family housing starts dropped 15.9 percent month over month in January to a seasonally adjusted annual rate of 573,000, from a downwardly revised December estimate of 681,000, and were down 2 percent from a year earlier, according to a monthly joint report released by the U.S. Census Bureau and the Department of Housing and Urban Development.

Several trade groups have blamed a slowdown in housing activity on unusually cold weather this winter.

Source: U.S. Census Bureau 

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
New sessions have been added to Connect Now Agenda on October 20th! Check out the power-packed lineup. SEE THE AGENDA×