US housing starts up 1.9% in March

Economy 4/17/2018, 2:31 PM
US housing starts up 1.9%  in March

Housing starts in the United States increased by 1.9% at a seasonally adjusted annual rate to 1,319,000 in March compared to February's revised level of 1,295,000, the US Census Bureau and Department of Housing and Urban Development announced on Tuesday. On an annual basis, the figure was 10.9% higher compared to the same period last year, when it stood at 1,189,000.

Meanwhile, single-family housing in March stood at 867,000, 3.7% less than February's revised estimate of 900,000. In the third month of the year, building permits were up 2.5% compared to the month before, amounting to 1,354,000. Compared to the same period the previous year, permits increased 7.5%.

In March, housing completions were recorded at a seasonally adjusted annual rate of 1,217,000, 5.1% lower compared to the previous month but 1.9% higher year on year.

Breaking the News / FH

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