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Source: US Department of Commerce Source: S&P <br />Housing <br />0 <br />200 <br />400 <br />600 <br />800 <br />1000 <br />1200 <br />1400 <br />1600 <br />1800 <br />2000 <br />MOM Change (In Thousands of Units)Housing Starts <br />Multi Family Housing Starts <br />Single Family Housing Starts <br />0.0% <br />3.0% <br />6.0% <br />9.0% <br />12.0% <br />15.0% <br />18.0% <br />21.0% <br />24.0% <br />S&P/Case -Shiller 20 City Composite Home Price Index YOY( %) ChangeTotal housing starts rebounded 6.8%to an annual rate of 1,769,000 in February.Single-family starts increased 5.7%,and multi-family starts <br />increased 9.3%,month-over-month.On a year-over-year basis,total housing starts were up 22.3%in February driven by multi-family starts. <br />According to the Case-Shiller 20-City home price index,home prices were up 19.1%year-over-year in January versus up 18.6%year-over-year <br />in December,suggesting tight supply may be continuing to support prices.Rising mortgage rates and affordability could be headwinds to <br />further price growth. <br />8