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Surprise Uptick in Housing Starts Is Positive Sign for Industry

Ricky Cove
Surprise Uptick in Housing Starts Is Positive Sign for Industry

Speculation about housing market normalization after the hurricane-related surge seems unfounded after the January housing starts beat all expectations. Housing starts increased 9.7% in January. The US Census Bureau and the Department of Housing and Urban Development have reported housing starts for January at 1.33 million, a sharp increase from the revised December reading of 1.21 million.