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4/16, 2:31 PM (Source: TeleTrader)
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US housing starts soar 19.4% in March

Housing starts in the United States came in at a seasonally adjusted annual rate of 1,739,000 in March, surging by 19.4% above February's revised rate and by 37.0% in comparison to the same period last year, the Census Bureau revealed on Friday.

Privately-owned housing units authorized by building permits stood at a seasonally adjusted annual rate of 1,766,000, which marked a monthly rise of 2.7% and an annual growth of 30.2%.

Privately-owned housing completions were at a seasonally adjusted annual rate of 1,580,000, increasing by 16.6% since February and by 23.4% in comparison to March 2020. Meanwhile, the tally for units in buildings with five units or more landed at 476,000.

Breaking the News / JR