Housing Starts Tumble Despite Signs of an Improving Home Sales Market

The continuing construction of new homes, despite a lack of water, in Rio Verde Foothills, Ariz., on Feb. 24, 2023. Gilles Clarenne/AFP via Getty Images

The number of housing starts tumbled last month, despite signs that the home sales market is heating up again after falling.

Housing starts take into account the change in the number of new residential buildings beginning construction.