Housing Starts Rise 6.4% In March

Housing starts increased to a seasonably adjusted annual rate of 2.007 million units in March, the Commerce Department reported. The pace was 6.4 percent above February’s upwardly revised rate of 1.887 million and 15.2 percent above the March 2003 pace.

“The housing market was supported by historically low interest rates, rising house values and a strengthening economy,” said Bobby Rayburn, president of the National Association of Home Builders (NAHB) and a home and apartment builder

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