"February 2024 Sees Rebound in US Housing Starts for New Home Construction"
TL;DR
US housing starts for new home construction rebounded sharply in February, increasing by 10.7% to a 1.52 million annualized rate, the largest rise since May. This recovery comes after a period of weather-related weakness at the beginning of the year, with builders benefiting from slightly more favorable mortgage rates and a shortage of existing houses for sale.
Topics:businessbusinesseconomics#businesseconomics#construction#homebuilding#mortgage-rates#real-estate#us-housing
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