Housing Starts and Permits Edge Up For March

Two of the biggest leading indicators of housing, starts and permits, picked up from February 2018 into March. Starts were up 1.9% month over month but below expectations of 2.5%. Starts were down 7.0% in February before being upwardly revised to a 3.3% drop. Housing-starts data are volatile from month to month and can be subject to large revisions. March’s 1.9% rise in starts came with a margin of error of 12.4 percentage points. Permits were up 1.9% month over month in line with expectations. Permits were down 5.7% in February before being revised up to a 4.1% drop. Overall… Read moreHousing Starts and Permits Edge Up For March