US: Housing starts rise by 0.3% in March, Building Permits rise by 0.4%

Housing Starts rose by 0.3% in March, taking the rolling 12-month number of starts to 1.793M, above expectations for a drop to 1.745M from 1.788M in February, data released by the US Census Bureau on Tuesday showed. Meanwhile, Building Permits rose by 0.4%, taking the rolling 12-month number of permits to 1.873M, above expectations for a drop to 1.825M from 1.865M in February.