Commerce Department: Home-Building Down in January, but Permits Up

Home-building overall stalled in January, but more permits indicate construction will pick up in the months ahead.
Single-family construction rose 1.9 percent in January to a rate of 823,000, up from 808,000 in December, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Privately-owned construction fell 2.6 percent to a rate of 1,246,000, down from 1,279,000 in December—though 10.5 percent higher than the January 2016 rate of 1,128,000.
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