Keeping Track ...

Construction boom

New homes are popping up all across the US. Construction of new, single-family homes rose 1.1 percent in February to a seasonally adjusted annual rate of 1.14 million units, the Commerce Department reported. That's the highest level since 1978.

Meanwhile, the US trade deficit jumped in January to a record $17 billion. The deficit caught Wall Street by surprise. The Dow Jones Industrial Average topped 10000 for the first time last week, but has yet to close above that level.

of stories this month > Get unlimited stories
You've read  of  free articles. Subscribe to continue.

Unlimited digital access $11/month.

Get unlimited Monitor journalism.