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US Housing Starts Rise to 1.487 Million, Beating Consensus
The United States reported housing starts of 1.487 million units in February, surpassing the consensus estimate of 1.37 million. This marks an increase from January’s revised figure of 1.387 million units. The latest reading extends the recent upward trend in residential construction, with February’s level standing above the 12-month average. Single-family starts contributed most to the gain, offsetting a modest decline in multi-family activity. Compared to the year-ago period, the current figure reflects continued resilience in the US housing sector despite higher interest rates. Market participants await upcoming building permits data and Federal Reserve commentary for further insight into the sector’s outlook. Updated 3/12/26
