By Joshua KirbyU.S. housing starts slipped backward in January and by much more than expected, despite a sunnier mood among home builders. --Housing starts, a measure of U.S. home building, fell 14.8% to a seasonally adjusted rate of 1.33 million. --Economists polled by The Wall Street Journal had expected starts to fall less sharply to 1.45 million. --December's housing starts were revised upward to 1.56 million. --Monthly housing starts data are volatile.

Source: Wall Street Journal February 16, 2024 14:18 UTC