March Housing Starts Plunge

March new-housing starts fell 23.1 percent from the prior month, according the the U.S. Census Bureau, hitting just over 1.2 million. However, that number was a 1.4 increase from March 2019.

Meanwhile, housing completions also dropped, falling 6.1 percent month over month and nine percent year over year. Building permits issued fell 6.8 percent from February but increased five percent year over year.