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Housing Starts Dip But Permits Soar Near 13-Year High

Wednesday, Feb 26 2020
Lending
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Although U.S. housing starts declined in January, a climb in building permits to an almost 13-year peak indicates ongoing health in the housing market. So reports Reuters.

After three straight monthly increases, housing starts fell 3.6% to a seasonally adjusted annual 1.567 million units, the Commerce Department said. Permits leapt 9.2% to 1.551 million units, the highest since March 2007.

The housing data could bolster the Federal Reserve’s plan to hold interest rates steady amid the longest economic expansion in American history.

Read the full article from Reuters. 

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