Housing starts, new permits drop in March

Sign Up for the undefined Newsletter

Home builders nationwide cut the number of new permits and housing starts in March. Housing starts dropped nearly 8 percent to an annual rate of 1.96 million in March from a revised 2.13 million pace in February. New permits fell to an annual rate of 2.06 million in March, from a rate of 2.18 million the month before. more [CNN/Money]