The U.S. government is reporting that privately‐owned housing starts in February were at a seasonally adjusted annual rate of 1,521,000, which is 10.7% higher than January’s revised number and is 5.9% higher than one year ago. February’s rate for units in buildings with five units or more was 377k. Privately‐owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,518,000, which is 1.9% higher than January’s revised number and is 2.4% higher than one year ago. Authorizations of units in buildings with five units or more were at a rate of 429k in February.
Click here to read the full report at the U.S. Census Bureau.
