Construction of new US homes jumped in March as the US housing sector continued to pick up pace.
New housing starts gained 7.0 percent from February to an annual rate of 1,036,000, and were 46.7 percent up from March 2012, when the pace was an annual 706,000.
But single-family housing starts fell 4.8 percent from February to a 619,000 amid some feeling of capacity constraints in the building industry as demand surges.
New building permits were down 3.9 percent from February but up 17.3 percent from a year earlier.
US housing starts jump in March
