Housing Starts Rise 1.5 Percent from Upwardly Revised Numbers in January

WASHINGTON, D.C. – February 17, 2012 – (RealEstateRama) — Building on significant upward revisions to numbers for the previous two months, nationwide production of new single-family homes and apartments increased 1.5 percent to a seasonally adjusted annual rate of nearly 700,000 units in January, according to newly released figures from the U.S. Commerce Department. This marks the second-best pace of overall housing production since October of 2008.