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But permits, an indicator of builder confidence in future sales, rose 1.2%, partially reversing a decline seen in March.
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While housing starts fell, building permits, an indication of builder confidence, rose 1.7percentto to 1.763 million units.
Last month the National Association of Home Builders reported that its index of builder confidence fell to 15 in December, its lowest level since June, on sluggish demand for new homes.
The trade group said severe weather across much of the United States took a sharp bite out of builder confidence, as buyer traffic plummeted.
(See "Adobe's Analytical Move").. Later in the afternoon, the National Association of Home Builders is due to release its September gauge of builders' confidence in the housing market.
A key index of home builder confidence fell last month, an industry trade group said.
A trade group said Tuesday that an index of home-builder confidence suffered its worst drubbing last month since the gauge was created nearly 30 years ago.
Supermarket sales, a strong indicator of consumer confidence, fell 3.2percentt in February from those in February 2000.
"The auto industry has always been a pretty good indicator of consumer confidence and continues to be".
He tracks Google searches for the "gold price" as an indicator of economic confidence.
Kiley, a pink-faced, gray-haired, slightly beaky gentleman, sees in the very formation of the fund an indicator of business confidence..
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