US housing starts grew by 6.8% in February

Posted on April 25, 2022   |  

• Housing starts grew by 6.8% in February over January, to a seasonally adjusted annual rate of 1.769 million.
• Housing starts were expected to rise 3.8% to an annual pace of 1.70 million but housing starts are 22.3% above the same month a year earlier when harsh weather across the U.S. hampered construction activity.
• Single-family housing starts grew by 5.7% to an annual rate of 1.215 million, while multi-family housing starts soared by 9.3% to a rate of 554,000.