Housing starts rise - don't get too excited

``Housing starts rose 2.8 percent from an upwardly revised level of 575,000 units in December to 591,000 in January, up 21 percent from a year ago but down 74 percent from the peak in early-2006. New construction of multifamily dwellings rose 9.2 percent and single-family starts rose 1.5 percent.''