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Construction started on more homes in January than in the same month a year ago.
The U.S. saw 1.07 million new housing starts in January, an increase of about 19 percent from January 2014, according to data from the National Association of Home Builders. The January total was a decrease of 2 percent from December.
The data is “pointing to uneven demand in an otherwise slowly recovering housing market,” according to The Wall Street Journal.
The most year-over-year growth was in multi-family home construction, which had 387,000 groundbreakings in January.
To see more new data on home construction, click here.
Read The Wall Street Journal article here.
