March Building Permits Soar 30.1% Above March 2011 in Best Action Since Late 2008

The U.S. Census Bureau said privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 747,000, 4.5% above the revised February rate of 715,000 and 30.1% above the March 2011 estimate of 574,000.

Single-family authorizations in March were 462,000, 3.5% below the revised February figure of 479,000, but 17.9% above March 2011. Authorizations of units in buildings with five units or more were at a rate of 262,000 in March, up 24.2%

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