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- Housing starts jumped in February more than expected and by the most in nine months.
- Building permits also jumped, climbing at the fastest rate since August.
- Single-family construction and multi-family construction also rebounded from January.
Housing market activity has been muted over the last several years due to high mortgage rates and home prices, as well as limited inventory.
Yet the latest batch of economic data suggests the landscape may be starting to shift and more housing options are becoming available for buyers.