Due to Rising Demand: Homebuilders broke ground on homes in March at the fastest pace since June 2008, mostly fueled by a surge in apartment construction, the Commerce Department reports.
Housing starts rose 7 percent in March from February, reaching the seasonally adjusted rate of 1.04 million. Homebuilders have ramped up production as buyers rush to take advantage of continued housing affordability due to low mortgage rates.
Housing starts rose 7 percent in March from February, reaching the seasonally adjusted rate of 1.04 million. Homebuilders have ramped up production as buyers rush to take advantage of continued housing affordability due to low mortgage rates.
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