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Total housing starts fell 0.3% in March to a seasonally adjusted annual rate of 1.14 million units from a downwardly revised reading in February, according to a report from the U.S. Housing and Urban Development and Commerce Department that was delayed due to the partial government shutdown.
With both private housing and multi-story apartment buildings reaching record levels in development, rentals and sales since the 2011 end of the Great Recession, it’s questionable as to whether these red-hot levels can be maintained.