Housing Starts Unexpectedly Surge in Feb.

Housing Starts Unexpectedly Surge in Feb.

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riggio-homes-norleans.jpgUnexpected gains brought welcome news in the housing market today. The Commerce Department reported that nationwide sales of newly built single-family homes in February rose a surprising 4.7 percent, at their fastest pace in 10 months.

California home sales in February were 83 percent ahead of the previous year and sales jumped 15.6 percent in the Northeast.

(Read more at Reuters)

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