| U.S. homebuilders broke ground on more houses in February, evidence of the recovering property market, U.S. Department of Commerce reported on Tuesday. U.S. privately-owned housing starts were at a seasonally adjusted annual rate of 917,000 last month. The level was 0.8 percent above the revised January estimate of 910,000, and was 27.7 percent higher than the level in February 2012.
Single-family housing starts in February were at a rate of 618,000, 0.5 percent above the revised January figure of 615,000...............................................Full Article: Source
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