Yep, more conflicting economic news.
$this->bbcode_second_pass_quote('', ' ')NEW YORK (Reuters) - The pace of U.S. home construction rose 9 percent in February, beating analysts' predictions and running against dismal news in the subprime home financing sector, a government report showed on Tuesday.
KEY POINTS: * The Commerce Department said housing starts set an annual pace of 1.525 million units in February compared with a 1.399 million unit pace in January. That's the sharpest month-over-month increase since a 13.1 percent rise in January 2006. * Economists had forecast February housing starts to rise to a 1.45 million unit pace from January's originally reported pace of 1.408 million units. * Building permits, which signal future construction plans, fell 2.5 percent to a 1.532 million unit pace. Economists were expecting building permits to register a 1.55 million unit pace, down from 1.571 million in January.
more @ Reuters article


