Forex News: 21.03.2007 Housing starts increased in February
Groundbreaking on new homes rebounded by 9% in February after a 14% decline in January, but building permits declined by 2.5%.Housing starts increased 9% to a seasonally adjusted annual rate of 1.525 million in February from a 10-year low of 1.399 million in January, exceeding the expectations for a smaller increase to 1.46 million. Starts are down 28.5% compared with February 2006.
Building permits fell for the 12th time in the past 13 months, down 2.5% in February to a seasonally adjusted annual rate of 1.532 million from 1.571 million in January. Economists expected permits to be roughly unchanged.
Permits are down 28.6% compared with February 2006.
posted by Kalin Tasev @ 1:06 PM
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