Investing.com – U.S. housing starts rose more than expected in February, while building permits fell.
The Commerce Department said Thursday housing starts rose 3.0% to 1.288 mn units from January.
Analysts had expected housing starts to rise 1.4% to 1.260 mn units.
Building permits fell 6.2% to 1.213 mn vs. forecast 2.6% fall to 1.260 mn.