Housing starts rebound as buyer demand buoys builders

Housing starts ran at a seasonally adjusted annual pace of 1.32 million in March, up 2% compared to February, the Commerce Department said Tuesday. Permits were at a seasonally adjusted annual 1.35 million rate. Builders broke ground on more homes in March, and earlier estimates were revised up handily, suggesting more momentum in the home construction industry than had been seen.


Source: Market Watch