The Commerce Department reported yesterday that Housing Starts fell 5.8% in March to 654,000 on an annualized basis as the troubled housing markets continue to hover near the bottom. On a positive note, Housing Starts are up 10.3% above the March 2011 rate of 593,000 as evidenced by the chart below. Housing Starts are the number of residential building construction projects in a monthly period released by the Commerce Department in conjunction with the U.S. Census Bureau.
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