Another day, and yet another data point showing the US is recovering from its harsh winter

Another day, and yet another data point showing the US is recovering from its harsh winter. This time around, it's housing data. On one hand, housing starts fell in February more than expected (0.2% decline from January). That makes it the third monthly decline in a row. However, February still had its fair share of snow and cold temps. On the other hand, housing permits soared higher to the tune of a 7.7% increase. It makes perfect sense. Housing starts are impacted by weather conditions, but permits are looking forward. Most likely permits are seeing a substantial increase to make up for the lost winter. While it's not likely that the housing market is going to return to its peak growth (from 2012), it's safe to expect a rebound in the next couple months.