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Housing starts in U.S. climb as building permits pick up
By Bloomberg News
This article was published March 19, 2013 at 11:12 a.m.
New U.S. home construction rose in February and building permits climbed to the highest level in almost five years, adding to signs of progress in the housing market that’s helping spur the economy.
Builders broke ground on 917,000 homes at an annual rate, up 0.8 percent from a revised 910,000 pace in January that was higher than initially estimated, the Commerce Department reported in Washington.
Building permits, a proxy for future construction, advanced 4.6 percent to 946,000, the strongest since June 2008.
Read tomorrow's Arkansas Democrat-Gazette for full details.
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