Login
ISCOVER
Housing starts in the United States rose for the first time in eight months in February offering a faint ray of hope for the flailing economy.
According to US Commerce Department figures, new housing starts rose 22 per cent in February compared to January to a seasonally adjusted annual rate of 583,000.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
The country still has a long way to go however if activity is to return to anywhere near levels recorded just one year ago; compared to February 2008 starts are down by 47 per cent.
COMMENT HERE
