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US homebuilders request most permits in 31/2 years

Posted on 18 April 2012

U.S. builders requested the most permits in March for single-family homes and apartments in 31/2 years, suggesting that many expect the housing market to improve over the next year.
The Commerce Department said Tuesday that permits, a gauge of future construction, rose 4.5 percent to a seasonally adjusted annual rate of 747,000 in March. That’s the highest level since September 2008. The rise in permits helped offset a slower month of construction………………………………………..Full Article: Source


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