Housing Production Rebounds

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Builders started production on 1,178,000 homes in February on a seasonally-adjusted annualized basis. That is a 5.2% increase over a modest slump in January and a 30.9% increase from last February. The increase was broad based with both single-family increasing 7.2% to its highest level since November 2007 and multifamily virtually unchanged at a 0.8% increase. As further evidence of… Read More ›

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