US Housing Market Up: 139,000 More Homes Built In February 2013 Than In February 2012, A 24.3% Jump

  @MalikFromLA on
Construction workers continue work on a new subdivision of homes in San Marcos, California
Construction workers continue work on a new subdivision of homes in San Marcos, Calif.

The U.S. housing and real estate markets are showing sure signs of recovery as new construction estimates jumped 33.8 percent over last year's levels, the U.S. Commerce Department announced Tuesday.

Home builders broke ground on 917,000 homes in February, a 27.7 percent hike above the previous year's 718,000 starts. A total 711,000 new homes were completed in February 2013, 24.3 percent more than were completed a year prior.

Analysts surveyed by Bloomberg expected slightly weaker numbers.

Homeowners were issued 946,000 new permits in February, a 4.6 percent higher rate than they were issued in January.

 

Join the Discussion
Nintendo's Newest Kirby Game Is A Total Detour
Nintendo's Newest Kirby Game Is A Total Detour
Fitbit's First Activity Watch Falls Short
Fitbit's First Activity Watch Falls Short
Dying Light Is The Spiritual Successor To 'Dead Island'
Dying Light Is The Spiritual Successor To 'Dead Island'
The Last Mitsubishi Evolution
The Last Mitsubishi Evolution
The i8 Is Proof BMW Should Make More Mid-Engined Cars
The i8 Is Proof BMW Should Make More Mid-Engined Cars
QD Vision Shows Off Cheap 4K TVs
QD Vision Shows Off Cheap 4K TVs

More Video