Wednesday, March 21, 2012
Housing permit requests climbed in February as builders' confidence in the housing market grew.
They requested 5.1 percent more permits in February to build single-family homes and apartments in the coming months. That increased the annual rate to a seasonally adjusted 717,000 permits, the Commerce Department said Tuesday.
While that’s still half the rate considered healthy by most economists, it’s the highest for a single month since October 2008.
Read more at The Register-Guard.