Economy

Housing Starts Surged In March; Pace Is Fastest In 5 Years

A home under construction in Provo, Utah, earlier this year. i i

hide captionA home under construction in Provo, Utah, earlier this year.

George Frey /Landov
A home under construction in Provo, Utah, earlier this year.

A home under construction in Provo, Utah, earlier this year.

George Frey /Landov

There was a 7 percent surge in housing starts last month, the Census Bureau and Department of Housing and Urban Development report.

As The Associated Press notes, the pace of construction — 1.04 million starts, at an annual rate — is the fastest in nearly five years and is another sign that the housing sector continues to recover from its 2007-08 crash.

Also Tuesday morning, the Bureau of Labor Statistics said consumer prices fell 0.2 percent in March. The driving factor was a 4.4 percent plunge in gas prices.

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: