U.S. single-family homebuilding rebounded due to a thaw in winter weather; rising raw material prices due to tariffs threaten recovery. Data center construction continues to outperform.
Private residential output was up 1.3% m-o-m (1.6% y-o-y)in February; Building permits were down -1% m-o-m (-6.7% y-o-y) in February.
Private non-residential output up 0.4% m-o-m (2.5% y-o-y). Architecture Billings Index (ABI) up to 45.5 in February from 45.6 in January (< 50, contraction).