Flatbed Report: January’s cold bites residential construction numbers
A bitterly cold January most likely contributed to fewer housing starts breaking ground last month, with single-family homes, which account for around 75% of monthly construction, down 4.7% month-over-month (m/m). Multi-family homes recorded the sharpest decrease in January, falling 35.8% m/m. According to the Commerce Department’s Census Bureau, permits for future single-family construction, a leading…