Housing starts decline in the US
Federal government data revealed that housing starts dropped across the US.
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According to US federal government data, housing starts decreased by 2.6 percent last month, falling to an annual rate of 1.28 million.
Release of the Data
According to current data shared by the federal government in the US, housing starts showed a decrease of 2.6 percent last month.
With this decline, housing starts fell to an annual level of 1.28 million.
Economists' Expectations
This decline occurred contrary to projections in the markets and was recorded as a surprise drop.
In a survey conducted by Bloomberg among expert economists, the median forecast pointed to an increase of 6.7 percent.