New home construction increased 3 percent compared to last month and is up 6.2 percent from the same time last year, according to the latest housing starts data. With low housing inventory, the uptick in home building could signal a positive trend for the spring and summer housing market.
Read coverage of today’s housing starts news with “Housing Starts in U.S. Climbed to Four-Month High in February,” from Bloomberg; “Housing starts increase driven by single family residential,” from HousingWire; and “U.S. housing starts jump; weekly jobless claims fall” from Reuters.
In other headlines:
Foreclosures here shrink to pre-crisis levels – Crain’s Chicago Business