New applications for building permits, a bellwether for forthcoming construction, fell 3.1%
By Anna Louise Sussman and Chris Kirkham | The Wall Street Journal
Home building in the U.S. rebounded in February, reaching its highest level since September amid strong demand for housing.
Economists noted that warm February weather may have led to higher-than-usual building activity, after housing starts fell in January and December.
Stephen Stanley, chief economist at Amherst Pierpont Securities, said the low inventory of existing homes should support home-building going forward.