Construction of new houses increased by 6.8 percent in February in the United States, reversing a decline from the previous month and bringing the seasonally-adjusted annual rate of housing starts to 1.769 million.
This rebound in housing starts is the most drastic since 2006, and the magnitude of growth surpassed the monthly predictions of most experts (economists polled by The Wall Street Journal forecasted a growth in housing starts of only 3.8 percent).
