The U.S. government today released a mixed-bag of building activity data for March 2016. According to the report housing starts fell 8.8% below February’s numbers but were still 14.2% higher than one year ago. March 2016’s seasonally adjusted annual rate was 1,089,000. In addition, new applications for building permits were down 7.7% from February to a seasonally adjust rate of 1,086,000.
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