US DATA: Feb US housing starts -5.9% to 575k SAAR, above the 565k rate
expected and following a strong upward revision to the Jan pace.
Single-family starts -0.6%, multi-family -30.3%. Permits -1.6% to 612k
SAAR, while completions +5.4% to 700k SAAR. The number of homes under
construction hit a record low 492k SAAR, indicating that builders remain
cautious.