US housing dips slightly but keeps solid pace

US home construction dipped slightly in January, but is still off to a solid pace.

Housing starts fell to a seasonally adjusted annual rate of 890,000 last month, according to the Commerce Department.

That’s down 9-percent from December when there was a spike related to repairs for Superstorm Sandy.

Applications for building permits rose to an annual rate of 925,000 in January.

That’s the best month for permits since 2008.

Share This

Leave a Reply

Connect with Facebook