Housing starts rise
Building permits for privately owned housing rose 3 percent in February to 547,000.
The U.S. Census Bureau and the Department of Housing and Urban Development said that rate is 44.2 percent below the revised February 2008 estimate of 981,000.
Single-family authorizations in February were at a rate of 373,000, 11.0 percent above the January figure of 336,000.
Housing starts in February were at a seasonally adjusted annual rate of 583,000, 22.2 percent above the revised January estimate of 477,000, but 47.3 percent below the revised February 2008 rate of 1.1 million. Single-family housing starts in February were at a rate of 357,000, 1.1 percent above the January figure of 353,000.
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