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flag US housing starts surge 10.7% in February, reaching a seasonally-adjusted 1.52 million, indicating improving housing market conditions.

flag In February, US housing starts saw a significant surge of 10.7%, reaching a seasonally adjusted annual rate of 1.52 million, according to the Commerce Department. flag This marks the highest level since May and is a notable jump from January's 12.3% decline. flag Single-family home construction also experienced a two-year high, while multifamily home starts rose by 8.3% after a previous decline. flag The increase in housing starts indicates that the housing market is improving, as builders are taking advantage of limited resale inventory and more favorable mortgage rates.

13 months ago
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