Housing starts go up in February and no one knows why

Multi-family homes (apartments) seem to be behind the comparatively big increase. BBC: US new homes increase by quarter "The rate of construction of new homes in the US soared by almost a quarter in February compared with the previous month, official figures show." AP: Housing starts surge; wholesale prices edge up "Housing construction posted a surprisingly large increase in February, bolstered by strength in all parts of the country except the West." CNN: Housing starts unexpectedly surge "Initial construction of U.S. homes unexpectedly surged in February, after falling for eight months, according to a government report released Tuesday." Reuters: U.S. housing starts surge, inflation slower "New U.S. housing starts and permits unexpectedly rebounded in February, according to data on Tu