Despite supply side constraints and lack of skilled labor, housing starts jumped an impressive 6.8% in February compared with January to reach a seasonally adjusted annual rate of 1.769 million, according to estimates from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
That’s up 22.3% compared with February 2021.
Starts of detached, single‐family homes were at a rate of 1.215 million, an increase of 5.7% compared with January. Starts