Housing starts in U.S. fall in February for the third consecutive month

Construction of new U.S. homes started during last February reached to 907,000 annualized units, registering a decline of 0.2% from the revised January figure of 909,000, representing a third consecutive month low, according to the Commerce Department.

In this line, the U.S. government reported that this figure is 6.4% lower than the same month of 2013, when the construction of 969,000 new homes were started.

Meanwhile, the housing building permits granted in February rose 7.7% on month, up from 1,018,000 annualized released. In addition, 6.9% exceeded the figure of a year ago.

The annualized number of homes completed in the second month of the year also reached 886,000 units, up 4.4% from the revised January figure and 21.9% on the same month in 2013.