Positive News On Real Estate » US Home Building Surges unexpectantly http://www.positiveonrealestate.com Positive Real Estate News Thu, 09 Feb 2012 15:34:35 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 US Home Building Surges unexpectantly http://www.positiveonrealestate.com/pr/149 http://www.positiveonrealestate.com/pr/149#comments Tue, 17 Mar 2009 16:57:45 +0000 admin http://www.positiveonrealestate.com/?p=149
Initial construction of U.S. homes unexpectedly surged in February, according to a government report released Tuesday. Housing starts rose to a seasonally adjusted annual rate of 583,000 last month, up 22% from a revised 477,000 in January, according to the Commerce Department. Economists were expecting housing starts to decline to 450,000, according to consensus estimates compiled by Briefing.com.
Applications for building permits, considered a reliable sign of future construction activity, rose 3% to a seasonally adjusted annual rate of 547,000 last month. Economists were expecting permits to fall to 500,000.

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