Homebuilding Soars to Highest Level in 4 Years



Rear of Units:
New townhomes under construction at our
Summerfield Neighborhood

Front of Units:
New townhomes under construction at our
Summerfield Neighborhood

 
Housing starts surged in February as well as future permits for future construction to the highest levels since 2008 -- a sign that the new-home market is picking up steam just in time for the spring buying season, the Commerce Department reported Tuesday. 
 
Overall housing starts rose 0.8 percent in February to a 917,000 annual rate. Single-family housing starts, which make up the biggest bulk of that total, reached their highest level since June 2008. Meanwhile, multifamily starts rose 1.4 percent in February to 299,000 units.

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Resource: Daily Real Estate News | Wednesday, March 20, 2013