After reporting a substantial rebound in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Tuesday showing housing starts pulled back by much more than expected in the month of March. The Commerce Department said housing starts plummeted by 14.7% to an annual rate of 1.321 million in March after soaring by 12.7% to a revised rate of 1.549 million in February. …Multi-family starts led the pullback in March, plummeting by 21.7% to an annual rate of 299,000 after surging by 7.0% to a rate of 382,000 in February. The report said single-family starts also tumbled by 12.4% to an annual rate of 1.022 million in March after skyrocketing by 14.6% to a rate of 1.167 million in February. The Commerce Department said building permits also dove by 4.3% to an annual rate of 1.458 million in March after jumping by 2.3% to a revised rate of 1.523 million in February.