Number of new buildings in USA drops sharply below forecasts

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Number of new buildings in USA drops sharply below forecasts
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The number of houses in the USA that are under construction since February fell by 7% compared to the previous month and amounted to 1,2 million at an annual rate, according to the U.S. Department of Commerce.




So, in January, the number of new buildings soared by 10.1% — up to 1,3 million — reaching its high since January 2008 — while earlier an increase of 9.7% — up to 1,3 million was expected.

Wall Street analysts forecast a 2.7 percent decline from the earlier January level down to $ 1,29 million.

At the same time, the number of issued permits for the construction of new homes in the United States in February decreased by 5.7% — down to 1.298 million at an annual rate.



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