The number of new buildings in the US in February was below the forecasts

117507

In February, the construction of 1 million 162 thousand houses was started in the USA, which is 8.7% less than in January, when their growth was 11.7%. As reported by the US Department of Commerce, the indicator fell in February at a maximum rate in 8 months. Economists estimate that the number of new buildings in February was expected at the level of 1 million 210 thousand. Last month 1 million 296 thousand building permits were issued. This is 1.6% less than in January, when the figure fell by 0.7%. Experts also predicted a less significant decline - by 0.9%. The construction of single-family homes showed the fastest rate of decline in 4 years. Their figure fell by 17%. At the same time, an increase of 17.8% was noted in the construction of apartment buildings. Experts point out that a lack of supply remains the main reason for the decline in demand for residential real estate in the US.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: