US housing starts at 5-month high

Source: Marketwatch
The Commerce Department reported 5.2% increase in housing starts in the US in February. The main driver of the spike was single-family house starts, which rose 7.2% to a yearly rate of 822,000, the highest level in nine years. The housing sector is said to be the main driver of the economic growth in 2016 in the US as decrease in construction is not awaited as building permits increased 3.2% in February.
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