New home construction jumps 22% - Washington Business Journal:

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reported Tuesday that starts of new homes in the whichincludes Virginia, Maryland and the jumped 30 percent last month compared to the montbh before, but they were still 44 percent below home starts in the South one year ago. new home construction rose 22 percent from Januarytto February, but remained 48.5 percent beloew year-ago levels. The surge was led by an 83 percent jumpin multi-family construction. Single-family homebuilding rose a modesg 1.1 percent. Only one region reported a drop inhousin starts: the West where startsz declined 24.6 percent. The largest increase was in the Northeast where starts increased88 percent. Permits for futuree new home construction in the Southrose 5.
9 percent from January to February but were still 46 percengt lower than the year Nationwide, permits rose 3 percent from January to Februargy but remained 48.8 percent lower than a year ago. The South regionn includes Virginia, Maryland, D.C., Arkansas, Delaware, Florida, Georgia, Kentucky, Louisiana, Mississippi, Nortyh Carolina, Oklahoma, South Carolina, Tennessee, Texas, and West