Mar
16
Housing Starts in U.S. Climbed More Than Forecast in February
ByNew-home construction in the U.S. rose more than economists forecast in February, led by the strongest single-family building in more than eight years, signaling continued confidence in demand for residential real-estate.
Housing starts in February climbed 5.2 percent to a 1.18 million annualized rate from a 1.12 million pace the prior month, a Commerce Department report showed Wednesday in Washington. The median forecast of 78 economists surveyed by Bloomberg was 1.15 million. Permits, a proxy for future construction, fell, suggesting any additional gains in coming months will be limited…
Housing Starts in U.S. Climbed More Than Forecast in February
