Home building gets a big lift in February

Doug Carroll, USA TODAY11:24a.m. EDT March 19, 2013

Housing starts gained momentum in February, rising 0.8% from January to a seasonally-adjusted rate of 917,000, the Census Bureau said Tuesday.

The rate is 27.7% above February 2012. Single-family starts were running at a 618,000 annual rate, up 0.5% from January.

In addition, building permits for future construction were running at a seasonally adjusted annual rate of 946,000, up 4.6% from January and 33.8% above February 2012. Single-family permits were issued at a 600,000 annual rate, up 2.7% from January.

More here:
http://www.usatoday.com/story/money/business/2013/03/19/feb-home-building/1998721/

Posted on 03/20/2013 in deep creek lake