The Department of Commerce’s residential-construction statistics for March show building permits and housing starts both up from February. Building permits were 7.5 above February’s rate and 34.1 percent above March 2009. Housing starts were up 1.6 percent from the previous month and 20.2 percent above last year. Paul Dales, an economist at Capital Economics said the rebound is a sign that stronger home sales have spurred builders to start construction again. More here, here, and here.
Filed under: Uncategorized, Building Permits, Housing Industry, Housing Starts, News, Real Estate
