U.S. Housing Starts Rose 1.6% In March

April 16th, 2010 by Belisarius

U.S. housing starts were reported at 626.000 vs. revised 616.00 March reading (revised from 575.000???). The consensus was at 610.000. Building permits in the same period rose 7.5% to 685.000.

You can look the data from two standpoints: 1. The housing industry is recovering; or 2. They are adding additional supply to already oversupplied market.

Chart 1. U.S. Housing Starts

Source: U.S. Census Bureau

Chart 2. U.S. Building Permits

Source: U.S. Census Bureau

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