US housing starts climbed 18.6 percent in January

US housing starts climbed 18.6 percent in January

WASHINGTON (AP) — U.S. housing starts jumped 18.6 percent in January, as builders ramped up construction of single-family houses to the fastest pace in eight months.

The Commerce Department said Friday that January ground breakings occurred at a seasonally adjusted annual rate of 1.23 million. Home construction rebounded sharply from December, when the annual rate was just 1.04 million.

The rebound after December’s plunge fueled optimism among economists that new-home sales will improve in 2019.

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