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Housing Starts Hit Nine Year High

The U.S. housing market continues to rebound with single-family homes inching up 7.2 percent, the highest level since November 2007. In February, builders started production on 1,178,000 homes, a 5.2 percent increase over January and a 30.9 percent increase from February 2015. Single-family home completions also increased, rising 6.1 percent to 736,000 annualized rate, the highest since November 2008.

A rise in housing shows early signs of an early spring start for home-buildings. The overall takeaways from this report are that month-to-month we are seeing the expected growth in new construction, but we also appear to be at an inflection point  with regard to single-family construction now growing faster than multi-family.

Original article via RISMedia.

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