Housing Starts Rise in February
Housing starts rose 22% in February to a seasonally adjusted annual rate of 583,000, assisted in large part by a large (82%) gain in multifamily construction. Single-family starts also contributed to the February increase, rising 1% to 357,000. Permits increased 3% from January to a 547,000 annual rate with all of the increase due to a 11% advance in single-family authorizations.
