StockMarketWire.com - US Housing starts dropped 8.7% to 1.16m in February on-month, according to the Census Bureau.

The fall was deeper than market expectations for a decline to 1.22m.

Privately‚Äźowned housing units authorized by building permits fell 1.6% in February on-month to around 1.30m.

The market was expecting a slightly higher 1.32m units.






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