US home building jumped higher in February, turning around after five consecutive months of falling.
Homebuilding in the United States jumped higher in February, turning around after five consecutive months of falling.
Single‐family housing starts in February were up 1.1% from the revised January figure, at a seasonally adjusted annual rate of 830,000. And mortgage rates remain volatile for buyers. Rates climbed half a percentage point throughout February, but are now cooling again as uncertainty in the banking industry has sent investors to the relative safety of bonds.
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