U.S. housing starts rise, permits at 4½-year high
WASHINGTON – U.S. builders started more houses and apartments in February, while requesting permits for future construction at the fastest pace in 4½ years. The increases point to a housing recovery that is gaining strength.
The Commerce Department said Tuesday that builders broke ground on homes last month at a seasonally adjusted annual rate of 917,000. That’s up from 910,000 in January. And it’s the second-fastest pace since June 2008, behind December’s pace of 982,000.
Single-family home construction increased to an annual rate of 618,000, the most in 4½ years. Apartment construction also ticked up, to 285,000.
Story Archived
Please sign in with your Comment Member ID and password.
Having trouble?
If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at archivedesk@shawmedia.com









