List and Sell Your Equipment  /  Dealer Login  /  Create Account

US Home Construction off to Weak March Start

U.S. homebuilders opened the spring buying season in March at a slower pace than last year.

Sun April 19, 2015 - National Edition
Josh Boak - AP ECONOMICS WRITER


WASHINGTON (AP) - U.S. homebuilders opened the spring buying season in March at a slower pace than last year.

The Commerce Department says builders began construction at a seasonally adjusted annual rate of 926,000 homes last month, a 2.5 percent decline from the pace in March 2014.

March housing starts did rise 2 percent from February’s rate of 908,000 homes, as construction recovered in the Northeast and Midwest markets hammered by winter storms. But the pace of construction slipped in March for the South and West.

Steady job growth, low mortgage rates and cheaper gasoline have given consumers more flexibility. But the improved economy has yet to significantly boost sales and construction.

Approved building permits fell from February, sliding 2.9 percent in March to an annual rate of 1.04 million.




Today's top stories

Road Crossing Construction Precedes Greenwich's Street Light Adaptation

Cat 120 GC Motor Grader Combines Reliable Performance, Low Cost-Per-Hour Operation

Industry Ready to Dive Into Infrastructure Projects After Bill Passes

CIM Announces Donation by Mack Trucks, McNeilus for Annual Auction

Maryland Rebuilds Vital Transportation Hub

Soil Connect Adds Time Tracking Capabilities to E-Ticketing Platform

Historical Construction Equipment Association Announces Big Push Fundraiser

Bobcat Introduces All-New TL619 Telehandler








ceg-logo ceg-logo ceg-logo ceg-logo ceg-logo