Home Builders Remain Confident After Housing Starts Drop in January
Even though the housing market has seen great improvement since the financial crisis, some new home builders in the U.S. are conflicted after a recent drop in home starts, according to Equipment World.
For the second consecutive month, January saw a decrease in home construction rates of about 3.8% to a seasonally adjusted rate of 1.143 million annually.
That's only 1.8% above the January rates of 2015 as shown by data from the Commerce Department.
Single-family starts fell 3.9% to a rate of 731,000, which was still up 3.5% from the previous year. Apartment starts, on the other hand, were down 3.8% from a year ago, falling 2.5% in January to 354,000.
A reliable measure of the trends in the home building industry are building permits, which also fell in January.
Permits fell ...






