Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

US housing starts record surprise improvement

Staff Reporter 1 minute read

Housing starts in the United States rose for the first time in eight months in February offering a faint ray of hope for the flailing economy.

Advertisement
Advertisement
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.

COMMENT HERE

 

US housing starts record surprise improvement
default
TheAdviser logo
default

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

more from the adviser
approval stamp documents ta Bank automates pre-approval process

A non-major lender has announced changes to its pre-approval proc...

2017 08 20 Foreign buyers struggle to secure mortgage

Foreign buyers from all parts of Asia are still finding it diffic...

magnifying docu ta Adelaide Bank tightens serviceability policy

The non-major bank has temporarily revised its serviceability pol...

FROM THE WEB