Housing Starts Peak Again In February

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.

“Build

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