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<Econ> US Mar Housing Starts +10.8% MoM, Beat Forecast; Building Permits Fall to Seven-month Low
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Data from the US Census Bureau showed that US housing starts rose 10.8% MoM in Mar this year to a seasonally adjusted annual rate of 1.502 million units, the highest level since December 2024 and well above the market expectation of 1.4 million units, indicating that builders continued to ramp up construction despite ongoing affordability challenges. Single-family housing starts surged 9.7% to 1.032 million units, while multi-family housing starts increased 9.6% to 446,000 units. Meanwhile, building permits, a leading indicator of future construction activity, fell to an annualized rate of 1.372 million units, the lowest level since last August. (to/s) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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