Building permits increase in March. Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,260,000, 3.6% above the revised February rate of 1,216,000 and 17% above the March 2016 rate of 1,077,000. Single-family authorizations in March were at a rate of 823,000, 1.1% below the revised February figure of 832,000.
PMI decreases in March but still bullish. The Institute for Supply Management
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