FX.co ★ US Housing Starts Plummet by 14.7% in March 2024

In March 2024, the housing starts in the United States experienced a significant decline, with a decrease of 14.7% compared to the previous month. This sharp drop follows a previous increase of 10.7% in February 2024. The data, which was updated on April 16, 2024, highlights the volatility in the housing market. The comparison on a month-over-month basis reveals the challenging conditions impacting the construction industry in the country. As the housing sector plays a crucial role in the overall economy, this decline raises concerns about the future trajectory of the real estate market in the United States. Investors and policymakers will be closely monitoring upcoming housing data to assess the sustainability of this trend.