CONSTRUCTION NEWS<br>March Housing Starts Unexpectedly Rise 8.3% In March
Housing starts rebounded unexpectedly strongly in March from a big drop in February according to the Commerce Department.
Housing starts rebounded unexpectedly strongly in March from a big drop in February, according to Commerce Department reports.
The reports shows that groundbreaking for new homes climbed 8.3 percent -- the largest rise since September -- to a seasonally adjusted 1.780 million unit annual rate from an upwardly revised 1.644 million clip in February. Permits dipped to a seasonally adjusted annual 1.685 million pace from an upwardly revised 1.811 million rate the month before.