WICHITA — Housing starts nationwide are starting to pick up. In February they were near a three-year high, nationally. According to Bloomberg:
Builders broke ground on 698,000 homes at an annual rate, in line with the median forecast of economists surveyed by Bloomberg News and down 1.1 percent from a January pace that was stronger than previously reported, Commerce Department figures showed today in Washington. Building permits, a proxy for future construction, climbed to the highest level since October 2008.
That’s good news because we have a number of local companies that supply the housing industry nationwide such as Johnson Controls, which makes funaces and air conditioners; Viega, which makes and distributes plumbing fixtures; and Custom Cupboards, which makes cabinetry.