Global Economic News

U.S. Housing Starts Unexpectedly Rise To Highest Rate Since June 2006

New residential construction in the U.S. expectedly saw modest growth in the month of March, according to a report released by the Commerce Department on Tuesday.

The report showed housing starts rose by 0.3 percent to an annual rate of 1.793 million in March after spiking by 6.5 percent to an upwardly revised rate of 1.788 million in February.

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by RTTNews Staff Writer

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