Summary
* Housing construction posted a surprisingly large increase in February, bolstered by strength in all parts of the country except the West.
The Commerce Department reported that construction of new homes and apartments jumped 22.2 percent in February compared with January, pushing total activity to a seasonally adjusted annual rate of 583,000 units.See the full content of this document
Extract
Economy Roundup
Even with the big increase, construction activity remains 47.3 percent below where it was a year ago. ...
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