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.