Economic Growth

Housing Starts Up, Building Permits Down in March

Up 7 percent from February's numbers, which were revised upward

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New residential construction rose significantly in March as builders started more multi-unit dwellings.

Housing starts rose 7% from upwardly revised February figures to a seasonally adjusted annual rate of 1,036,000, the Commerce Department said Tuesday. The rate was 46.7% higher than March 2012.