Housing starts increased from February to March by 7% according to the U.S Census Bureau, rising to an annual rate of 1.03 million units. Home completions also climbed 11% in March averaging approximately 800,000 units, 36.3% more than last year. Bob Walters, Quicken Loans chief economist said, “this morning’s housing starts report showed a 7% rise in new home construction in March, the highest level in nearly five years.” More here
