Housing starts hit highest level in five years in March

Census Bureau: annual rate of starts up 46.7 percent from a year ago

Housing starts rose 7.0 percent month-over-month and 46.7 from a year ago in March, according to a monthly report from the U.S. Census Bureau released today.

At a seasonally adjusted annual rate of 1,036 homes in March, the rate of new construction has gone up each month since November when it measured 841,000.