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In February, housing was mixed. Total and single-family starts improved modestly month-over-month. Once again, aggregate housing permits were disappointing – total permits decreased month-over-month; single-family permits eked out a gain, and multifamily permits were decidedly negative. Housing under construction data indicated minimal increases and housing completions were negative. Total private and new single-family construction spending increased somewhat. New house sales exhibited some growth and existing sales were disappointingly negative.
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Issued in furtherance of Cooperative Extension work, Virginia Polytechnic Institute and State University, Virginia State University, and the U.S. Department of Agriculture cooperating. Edwin J. Jones, Director, Virginia Cooperative Extension, Virginia Tech, Blacksburg; M. Ray McKinnie, Administrator, 1890 Extension Program, Virginia State University, Petersburg.
April 29, 2016