The appeal of homeownership continued to drive the housing market in February as single-family housing starts set a new all-time record and multifamily construction was buoyed by the condominium market.
Total housing starts increased by 0.5 percent to a seasonally adjusted annual rate of 2.195 million units, setting a new 21-year-record for the second month in a row, the U.S. Commerce Department reported. The February construction pace was 15.8 percent above a year ago.
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.