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US Home Construction Rebounds Amid Builder Mood Inflection
Tuesday brought good news on the housing supply front in the US, where a structural shortage continues to bedevil would-be buyers desperate to realize the American dream.
Housing starts rebounded sharply last month from a January swoon, government data showed.
The 10.7% month-to-month increase was the sharpest since May and came on the heels of the steepest decline since July of 2022.
The annual pace, at 1.521 million, easily topped estimates. Consensus was looking for 1.44 million.
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