Banking

Housing Starts Increase in February

Housing starts were at a seasonally changed yearly rate of 1.769 million in February, according to the U.S. Census Bureau. This is 6.8% above the modified January quote of 1.657 million and is 22.3% above the February 2021 rate of 1.447 million.

Housing starts were combined throughout the nation, increasing in the Northeast (28.7%), Midwest (15.3%), and South (11.4%), and reducing in the West (-11.4%).

New structure authorizations were 1.859 million in February, 1.9% listed below the previous month however 7.7% above the February 2021 rate of 1.726 million. Single-household structure allows reduced 0.5% from the modified January figure.

Housing conclusions were at a seasonally changed yearly rate of 1.309 million in February. This is 5.9% above the modified January quote of 1.236 million and is 2.8% listed below the February 2021 rate of 1.347 million.

Read the Census release.

Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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