Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 03 20130322em Hsgmap
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 03 20130322em Hsgmap
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 03 20130322em Hsgmap
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 03 20130322em Hsgmap
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 03 20130322em Hsgmap

Housing Starts Increase 27.7% YTY in February

March 22, 2013
The Department of Commerce reported that privately-owned housing starts in February were at a seasonally adjusted annual rate of 917,000, 0.8% above the revised January estimate of 910,000 and 27.7% above the February 2012 rate of 718,000.

The Department of Commerce reported that privately-owned housing starts in February were at a seasonally adjusted annual rate of 917,000, 0.8% above the revised January estimate of 910,000 and 27.7% above the February 2012 rate of 718,000. Single-family housing starts in February were at a rate of 618,000, 0.5% above the revised January figure of 615,000. The February rate for units in buildings with five units or more was 285,000.

In a press release from the National Association of Home Builders (NAHB), Washington, D.C., analyzing the February housing numbers, Rick Judson, NAHB chairman and a home builder from Charlotte, N.C., said, “Demand for new homes and apartments is definitely rising as the spring buying season approaches and more young people move out on their own.”