Homebuilders opened the spring buying season at a slower pace than last year, a warning that recent hiring gains have failed to boost the real estate market.
April 16, 2015 at 08:00 AM
1 minute read
U.S. homebuilders opened the spring buying season in March at a slower pace than last year, a warning that recent hiring gains have failed to translate into a stronger real estate market.
Construction firms broke ground at a seasonally adjusted annual rate of 926,000 homes last month, a 2.5 percent decline from the pace in March 2014, the Commerce Department said Thursday.
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