Housing starts rebounded 9 percent in February following a 14.3 percent drop the month before, according to figures released by the Commerce Department. The pace of construction increased to a seasonally adjusted annual rate of 1.525 million units for the month, but was down 28.5 percent from a year earlier.
Construction of new single-family homes was up 10.3 percent to a seasonally adjusted annual rate of 1.220 million units in February. The increase followed an 11.2 percent drop in
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