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13 March 2001 11:21  US HOME BUILDERS SAW A STRONG FEBRUARY


U.S. home builders say February orders were verystrong on the heels of low mortgage rates and evenlower unemployment - and see no signs of waningconsumer confidence. Starts were delayed in regionsby an unusually harsh winter, but considering thatcould easily carry over into even greater strength inspring, they say. Mortgage rates continue to move nearhistoric lows, with 30-year fixed rates testing below7.00% in parts of February. They were also 130 to 140basis points below year-ago levels.
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