The annual pace of housing starts topped 1 million for the first time in nearly five years in March, another sign of the rebound in the sector.
The pace of housing starts came in at an annual rate of 1.04 million in the month, up 7% from February and 47% from a year earlier. It marked the first time since June 2008 that the pace of building crossed the 1 million benchmark.
Great news for the housing recovery.
www.AZNativeProperties.com
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