US housing starts record surprise improvement

According to US Commerce Department figures, new housing starts rose 22 per cent in February compared to January to a seasonally adjusted annual rate of 583,000.

The country still has a long way to go however if activity is to return to anywhere near levels recorded just one year ago; compared to February 2008 starts are down by 47 per cent.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 18 March 2009