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Housing Starts in U.S. Increased More Than Forecast in January

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Thu, 16 Feb 12 5:45 PM | 37 view(s)
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Housing Starts in U.S. Increased More Than Forecast in January

By Shobhana Chandra - Feb 16, 2012 8:44 AM ET

Builders broke ground on more homes than forecast in January, helped by warmer weather and adding to signs the U.S. residential real estate market is stabilizing.

Starts rose 1.5 percent to a 699,000 annual rate from Decemberâ€™s 689,000 pace that was stronger than previously reported, Commerce Department figures showed today in Washington. The median estimate in a Bloomberg News survey called for a rise to 675,000. Building permits, a proxy for future construction, also climbed.

more:
http://www.bloomberg.com/news/2012-02-16/housing-starts-in-u-s-rise-more-than-estimated-on-warmer-january-weather.html

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