US housing starts and building permits drop in March

Source: CNBC
© Reuters
The number of building permits and housing starts in the US dropped more-than-expected in March. Both indicators fell to almost 1.09 million units, compared to February's 1.17 million building permits and 1.18 million housing starts. Until today, economists expected building permits decrease to 1.20 million and housing starts decline to 1.17 million units.

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