U.S. home construction in March increased 7.2 percent compared to February, a six-month high, The New York Times reported April 19, 2011.
Housing starts were at a seasonally adjusted rate of 549,000 units per year, which was still far below the 1.2 million–unit rate that is considered healthy. Building permits jumped 11.2 percent from the previous month, although that is compared to a five-decade low in February.
Home building levels are still far below where they were during the height of the market in 2006. In March, the number of homes finished and ready to sell declined to a seasonally adjusted rate of 509,000 units, the lowest it has been since 1968. The number of homes currently under construction remains at a four-decade low.