Worries On Multiple Fronts Pushes New Home Starts Into The Muck

Credit: Wochit
Published on February 26, 2019 - Duration: 00:43s

Worries On Multiple Fronts Pushes New Home Starts Into The Muck

Reuters reports U.S. homebuilding tumbled to a more than two-year low in December.

In the latest indication that the economy lost momentum in Q4, the construction of both single and multi-family housing declined.

Housing starts dropped 11.2% to a seasonally adjusted annual rate of 1.078 million units last month, the weakest reading since September 2016.

Still, the economy’s outlook continues to be overshadowed by multiple fears.

Those include a slowdown in global growth, fading fiscal stimulus, trade tensions and uncertainty over Brexit.

Advertisement

You are here

Recent related videos from verified sources

Fox’s Levine Joins 605, Sees A ‘Multi-Currency’ Future 06:01
Credit: BeetTV - Affiliate - Published on April 29, 2019 

You might like