Housing starts surged 22.2 percent to a seasonally adjusted annual rate of 583,000 units from 477,000 in January. The stock market has been up five of the last six trading days, and industry analysts see the rise in housing starts as a positive sign. Wholesale inflation dropped in February because of falling food prices and the deepening recession, says a Labor Department report. The Labor Department said its producer price index (PPI) rose 0.1 percent in February, a big drop from the 0.8 percent increase in January.”]
Source: https://www.cuinfosecurity.com/us-housing-starts-up-in-february-a-1288