According to the U.S. Department of Housing and Urban Development and the Commerce Department, nationwide housing starts rose 5.2 percent to a seasonally adjusted annual rate of 1.178 million units in February 2016. Single-family production increased 7.2 percent to 822,000 units--its highest level since November 2007--while multifamily starts remained virtually unchanged, inching up 0.8 percent to 356,000 units.
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