America

Housing Starts Drop, But Building Permits Are Up

There was a 5.8 percent drop in housing starts from February to March, the Census Bureau and Department of Housing and Urban Development just reported.

Bloomberg News says the decline was unexpected and left starts at a five-month low.

Still, the number of starts was up 10.3 percent from March 2011.

Looking ahead, the data are more positive. The number of building permits issued rose 4.5 percent from February to March and was up 30.1 percent from March 2011. Permits are at their highest level in the past 3 1/2 years, Reuters says.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

Support comes from: