Posted AT 10:51 AM EST on 16/02/06
U.S. housing hits high
WASHINGTON — Construction of new homes and apartments, defying forecasts of a housing slowdown, shot up in January at the fastest pace in more than three decades.
The Commerce Department reported Thursday that building activity was up 14.5 per cent last month when compared to December, pushing construction to a seasonally adjusted annual rate of 2.276 million units.
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