The U.S. Census Bureau and Department of Housing and Urban Development released last March's residential construction statistics. They found:
Privately-owned housing unit permitting was at a seasonally adjusted annual rate of 990,000, or 2.4 percent lower than February. Compared with March 2013's numbers, this figure represents a 11.2 percent increase.
Privately-owned housing starts were at a seasonally adjusted annual rate of 946,000. The number was 920,000 in February, making March's figure 2.8 percent higher.
Less privately-owned houses were completed in March than in February, a seasonally adjusted annual rate of 872,000 vs. 874,000, respectively.
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