Economics
U.S. Homebuilding Probably Rose, Capping Best Quarter Since 2008
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Homebuilding in the U.S. probably climbed in March, marking the best quarter since 2008 and indicating the real-estate industry has steadied, economists said before a report today.
Housing starts increased to a 705,000 annual rate last month from a 698,000 pace in February, according to the median estimate of 82 economists surveyed by Bloomberg News. Starts probably averaged 703,000 in the first three months of 2012, the most since the third quarter of 2008.