New Home Construction is Up, Way Up.


The Commerce Department reported on Thursday that Housing Starts hit a four-month high, rising by 3 percent from January to February to an annual rate of 1.288 million. The gains were fueled by single-family homes, which rose to a near 10-year high. An improving economy and a strong labor market were a few key reasons behind the gains. From February 2016 to February 2017, Housing Starts were up 6.2 percent.


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