Builders broke ground on new homes at the fastest rate in 21 years last month, the federal government reported Wednesday, maintaining the feverish rate of new construction seen over the last few months. The U.S. Commerce Department reported that housing starts rose 0.5% in February to a seasonally adjusted 2.195 million annual rate, the highest level since February 1984. The February advance came amid expectations that housing starts would taper off after significant gains in recent months. January housing starts were revised higher to show a 6.2% increase, while starts in December had risen by 14%. Building activity in the Las Vegas real estate market remains brisk to say the least.

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