Housing Starts Plunge But Rise In Northeast

The Commerce Department reports housing starts plunged 14.3% in January to the lowest point in ten years. This unexpected decrease off-set the gains of the previous two months.

Regionally, housing starts in January decreased by 28.5% in the West, 15.2% in the Midwest, and 11.8% in the South. Starts rose 8.9% in the Northeast.

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