【Zillow】March 2024 Housing Starts: Builders Scale Back New Home Construction in Anticipation of Prolonged High Interest Rates

• Building permits issued in March increased to 1,458,000 (SAAR). That’s 4.3% below the revised February rate and 1.5% higher than a year ago.
• Housing starts increased to 1,321,000 (SAAR) in March, down 14.7% from the revised February estimate and 4.3% lower than a year ago, according to the U.S. Census Bureau. 

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