USA: -8.7% of housing starts in February



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Housing starts dropping 8.7% in seasonally adjusted data (CVS) for February in the United States, 1,162,000 in annualized numbers, whose consensus was 1,220,000.

The number of construction permits, which are expected to begin construction of homes in the future, fell by 1.6% to 1,296,000, down from the 1,320,000 that economists anticipated on average.

The Commerce Department adds that, compared to the corresponding month in 2018, construction began to fall by 9.9% and home building permits in the US fell 2% in February 2019.

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