Housing starts fell in March
April 16, 2009,
Washington – After showing strength in February, housing starts in the U.S. reversed course last month, the Commerce Department reported today.
New starts were strongest in the South, with 268,000 units and the Midwest with 102,000. The weakest areas of the country for new starts were the West with 73,000 units, and the Northeast with 67,000.
Today’s report also brought unpleasant news about future construction projects. New building permits fell 9% from the previous month to 513,000 units, a record low.
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