Total
housing starts increased 3 percent on an annual basis in February, slower than
the 5 percent gain seen in January. The rate of growth weakened for the fourth
successive month. Economists had forecast a 1.8 percent contraction in
February.
The number
of housing starts, on an annualized basis, increased to
At the same
time, construction orders received by big 50 contractors in Japan climbed 16.3
percent year-on-year in February, reversing the 3.7 percent decrease seen in
January, data showed.
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