New home building rate in US gives hope
18-03-2009
The rate of new home building in the United States rebounded in February from record lows, rising for the first time in 10 months, according to data that gave a glimmer of hope for the recession-hit economy. The Commerce Department said housing starts jumped 22.2 percent to an annual rate of 583,000 units last month from 477,000 units in January. It was the biggest percentage rise since January 1990 and the first gain since April.
