US homebuilding takes a step back; manufacturing turning the corner

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U.S. single-family homebuilding tumbled in March, with single-family housing starts dropping 12.4% to a seasonally adjusted annual rate of 1.022 million units. Permits for future construction of single-family houses fell to a five-month low. The housing recovery appears to be losing steam as home builder expectations of lower interest rates have faded. The average rate on the 30-year fixed-rate mortgage has drifted up towards 7%. Manufacturing, on the other hand, appears to be turning the corner, with production at factories increasing 0.5% in March.

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https://finance.yahoo.com/news/us-single-family-housing-starts-124731843.html