Housing Starts Are Up
Housing starts rose 1.6% in March to an annualized pace of 626k, compared to expectations for a smaller increase to a rate of 610k. March's increase follows an upwardly revised level of 616k in February and a sharp gain in January. Starts were up for the third straight month in March which establishes a modest upward trend for new construction this year. New construction starts are expected to continue drifting higher in the months to come however, gains will likely be mild.
Posted by
Rey Fulwiler
@ 3:58 PM
on 04/19/2010
Tags:
Housing Starts Up!
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