New home construction soars 22% as America finally starts building houses again

Posted on AllSides March 17th, 2022
From The Center

After a decade of construction that has failed to meet demand, homebuilders are stepping up their efforts to match the red-hot U.S. housing market.

New home construction starts jumped 6.8% in February, and a whopping 22% compared with the same time a year ago. That’s the fastest growth rate in building since 2006, according to Census data released on Thursday.

New housing construction with five or more units was even more robust, rising 37.3% compared with 2021, while housing completions also jumped 5.9% from January and 2.8% from a year ago. 

Building permits continue...

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