Steel Markets
March 15, 2017
Single Family Housing Starts Make Gains in February
Written by Sandy Williams
Housing starts in February jumped 3 percent from January to a seasonally adjusted annual rate of 1,288,000. Single family starts gained 6.5 percent to a rate of 872,000 for its highest level in nearly ten years. Housing starts for buildings of five units or more were down 7.7 percent to 396,000.
Regionally single family starts increased the most in the West, gaining 35.7 percent. The Northeast, Midwest, and South all saw declines in total housing starts but made gains for starts of single family housing in the Northeast and Midwest.
