USA: -14.7% housing starts in March

(CercleFinance.com) - The Commerce Department reported a 14.
7% plunge in US housing starts in March compared with the previous month, to an annualized rate of 1,321,000, following a 12.7% jump in February.

U.S. building permits - intended to be a precursor of future housing starts - fell by 4.3% to 1,458,000 last month. Finally, housing completions fell by 13.5% to 1,469,000.

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