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19 Mar

US building completions surge in February

US building permits, housing starts and completions increased in February on month-on-month basis, Kallanish learns from a Census Bureau press release. Housing completions for buildings of five units or more in February stood at an annualised rate of 644,000, which was up 20.8% on-month and higher by 18.8% year-on-year. February building permits for privately owned housing came in at an annualised rate of 1.52 million. This is 1.9% above a revised January rate …
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