Privately‐owned housing starts in the United States saw a monthly increase of 10.7% in February to reach 1,521,000, the US Census Bureau unveiled in its report published on Tuesday. Compared to February 2023, the figure went up by 5.9%.

Single-family housing starts rose by 11.6% on a monthly basis to hit 1,129,000. Privately‐owned housing completions grew by 19.7% month-on-month and 9.6% year-on-year to stand at 1,729,000.

Building permits for privately owned housing units gained 1.9% compared to the previous month and 2.4% compared to February 2023 to 1,518,000. Single‐family authorizations advanced by 1.0% on a monthly level to 1,031,000.

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