Sunday, April 18, 2010
According to the Commerce Department the housing starts rose 1.6 percent in March to an annualized rate of 626,000. The department revealed the findings on Friday.
Compared to March 2008, the building permits were up 34 percent. The building permits are considered as a leading indicator. In addition permits for single-family homes also rose 5.6 percent compared to March 2009.
In March, the National Association of Home Builders/Wells Fargo confidence index rose to 19 from 15. Any number below 50 indicates that the majority of respondents are discouraged.
Compared to March 2008, the building permits were up 34 percent. The building permits are considered as a leading indicator. In addition permits for single-family homes also rose 5.6 percent compared to March 2009.
In March, the National Association of Home Builders/Wells Fargo confidence index rose to 19 from 15. Any number below 50 indicates that the majority of respondents are discouraged.



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