Construction of new houses increased by 6.8 percent in February in the United States, reversing a decline from the previous month and bringing the seasonally-adjusted annual rate of housing starts to 1.769 million. This rebound in housing starts is the most drastic since 2006, and the magnitude of growth surpassed the monthly predictions of most experts (economists polled by The Wall Street Journal forecasted a growth in housing starts of only 3.8 percent). Overall, housing starts in February 2022 were 22.3 percent higher than the same month in 2021, during which a wave of harsh winter weather delayed construction. Since the duration of the brief CCP (Chinese Communist Party) virus recession, housing prices in the United States have risen drastically, achieving a peak increase of 19.3 percent in July 2021. At the same time that low mortgages and widespread remote work were encouraging more people to buy homes, institutional investors escalated their own …