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Home U.S. World Entertainment Sports Business Health Science Technology Politics Offbeat Environment Travel News Articles New Housing Starts Rise 1.6 Percent In March Email Facebook Digg Twitter Buzz Up! ShareThis April 16, 2010 7:15 p.m. EST Topics: economy, business and finance, economy, United States Mitchell Jaworski - AHN News Reporter Washington, DC, United States (AHN) - The Commerce Department reported Friday that March new housing starts rose 1.6 percent, topping expectations and marking the third consecutive month of growth. The report showed new housing starts hit an annual rate of 626,000 in March, up from 616,000 in February. The increase was a welcomed surprise as economists had expected a slight decline in March to a rate of 610,000 starts. New housing starts are now at their highest level since November 2008. Year-over-year, March housing starts are up 20.2 percent as the economic rebound builds some confidence amongst builders. This fact was further evidenced by the jump in building permit applications, which posted an annual rate of 685,000. The result blew-out expectations for 625,000, which would have marked a decrease from the 637,000 registered in February. The rise in building permits also marked a 17-month high. Regionally, the pop in housing starts was due to a 15 percent jump in the South. The Midwest, West and Northeast all posted modest declines in housing starts compared to February. Copyright © 2003 - 2010 AHN - All rights reserved.Redistribution, republication. syndication, rewriting or broadcast is prohibited without the prior written consent of AHN.License AHN news for your website, business, digital signage network or publication. Most Popular Stories Kate Hudson Reportedly Got Small Boob Job Mysterious Fireball Lights Up Sky Above Six Midwestern States Steven Seagal’s “Lawman” Reality Show Canceled By Cops Melissa Etheridge And Tammy Etheridge Split After Nine-Year Relationship Hugh Hefner Slams Cheaters Tiger Woods And Jesse James Update: More Flights Delayed In UK Due To Volcanic Ash Kate Hudson Reportedly Got Small Boob Job “American Idol” Judge Kara DioGuardi, Colbie Callait Strip For Allure Magazine Woman Injured From Wii Fit Fall Develops Sexual Arousal Syndrome Update: Britain Extends Suspension Of All Flights Until 1 P.M. Of Friday Recent Posts Most Popular Comments Recent Comments Popular Threads Home | U.S. | World | Entertainment | Sports | Business | Health | Sci / Tech | Politics | Weird / Offbeat Follow AHN on Twitter AHN Social News connects you with friends and the news Client Login | Submit News | Privacy Policy | Terms of Use | Contact | Content Services © 2010 AHN All Rights Reserved

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