US homebuilding surges, a turnaround after 5 months of declines

Econ & Housing

Homebuilding in the United States jumped higher in February, turning around after five consecutive months of falling.Housing starts, a measure of new home construction, rose by 9.8% in February from January. But that’s still down 18.4% from a year ago, according to data released Thursday by the Census Bureau. Starts in January rose to a…

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