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More economic indicators are becoming positive for the real estate industry. The U.S. Commerce Department announced that housing starts and housing permits were up more than expected in March. According the Commerce Deparment, housing starts were up 1.6%, the highest level since November 2008 — a 17-month high. Compared to March last year starts were up more than 20%. New building permits, which give a sense of future home construction, were up 7.5 percent to a 685,000-unit pace in March, which is the highest level since October 2008, the Commerce Department said. You can find more on the housing starts and building permits by following these links: |
