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by CareyBot

Privately owned housing starts in February were at a seasonally adjusted annual rate of about 2.12 million, or 7.9 percent below the revised January estimate and 4.8 percent below the February 2005 rate, the U.S. Census Bureau and the Department of Housing and Urban Development announced today. Privately owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of about 2.15 million, or 3.2 percent below the revised January rate and 2.5 percent above the February 2005 estimate. Single-family authorizations in February were at a rate of about 1.64 million, or 3 percent below the January figure. Authorizations of units in buildings with five units or more were at a rate of 417,000 in February. Single-family housing starts in February were at a...