Construction workers building a new home in Ashburn, Virginia. US homebuilding jumped in February as unseasonably warm weather boosted the construction of single-family houses to near a nine and a half year high, suggesting the economy remains on solid ground, despite an apparent slowdown in the first quarter. Photo: AFP

US housing starts jump; weekly jobless claims fall

Homebuilding was up 6.2pc last month compared with February 2016. Job growth has averaged 209,000 per month over the past three months

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Construction workers building a new home in Ashburn, Virginia. US homebuilding jumped in February as unseasonably warm weather boosted the construction of single-family houses to near a nine and a half year high, suggesting the economy remains on solid ground, despite an apparent slowdown in the first quarter. Photo: AFP
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