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April 19, 2021

Home construction rebounds in March after frigid February

  • Economists expect housing construction to remain strong this year given the record low level of homes for sale.
  • By MARTIN CRUTSINGER
    AP Economics Writer

    WASHINGTON — U.S. housing construction rebounded strongly in March with home builders recovering from an unusually frigid February that shut down projects.

    Builders began construction on new homes and apartments at a seasonally adjusted annual rate of 1.74 million units in March, the Commerce Department reported Friday, a 19.4% increase over February when housing construction fell by 11.3%.


     
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