Completed new-home construction soared in February, the Commerce Department said on Tuesday, ahead of what tends to be a busy season for the housing market in the spring.
Privately owned housing completions skyrocketed by nearly 20 percent last month compared to January and were up about 10 percent from a year ago to more than 1.7 million. For single-family properties, they were up by 20 percent for the month to more than a million new homes.
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By Omar Mohammed – Reporter, Economy & Finance:
Completed new-home construction soared in February, the Commerce Department said on Tuesday, ahead of what tends to be a busy season for the housing market in the spring.
Privately owned housing completions skyrocketed by nearly 20 percent last month compared to January and were up about 10 percent from a year ago to more than 1.7 million. For single-family properties, they were up by 20 percent for the month to more than a million new homes.
Read more: [https://www.newsweek.com/america-home-construction-data-increase-new-homes-economy-1880778](https://www.newsweek.com/america-home-construction-data-increase-new-homes-economy-1880778)
“Starting at $899,900”
Are any available for a single family to buy or have they all been purchased by investment companies?
When a house is sold does the owner go live on the streets increasing supply or do they buy another house?
3400 sq ft 5 bed 3 bath; $750k, no yard, no breathing room
There’s also versions of this with smaller homes now, still no yard or breathing room. But they aren’t even really that much cheaper.