"US Housing Starts Surge to Near Two-Year Highs, Accelerating Market Recovery"
TL;DR
Single-family housing starts in the US surged 11.6% in February, reaching the highest level in nearly two years, driven by mild temperatures and a shortage of existing homes. Builders are offering incentives and reducing home sizes to manage higher material costs. With mortgage rates expected to trend lower, homebuilding could contribute to economic growth. Single-family building permits also rose to a 1-1/2-year high, and completion rates increased, potentially helping to bridge the housing inventory gap.
Topics:businessreal-estate#building-permits#economic-growth#federal-reserve#real-estate#single-family-housing-starts#us-housing-market
- US single-family housing starts, permits near two-year highs Reuters
- Housing market accelerates recovery with jump in housing starts Yahoo Finance
- US new home construction surged last month, as mortgage rates stayed high CNN
- Housing starts rebound in February by largest amount in nine months MarketWatch
- Housing Market Sees Flood of New Homes Newsweek
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