According to new data released by the federal government, Housing starts for February 2016 were at 1.1 million, representing a 5.2% increase over January’s revised numbers AND 30.9% higher than February 2015. Single families were 7.2% higher than January and multi-families were up 2.4% – which is 16.8% higher than one year ago.
While starts were up from January’s numbers (the weather having played a large role) building permits declined for the 3rd month in a row BUT were still 6.3% higher than a year ago.
