The housing industry still has to dig out of a deep hole, but residential construction data posted by the Department of Commerce offered some reason to cheer. While the January building permit data for total privately-owned housing units (621,000 permits issued) was 4.9 percent below the revised December rate of 653,000, the year-to-year numbers are 16.9 percent above the January 2009 estimate of 531,000. Single-family authorizations in January were at a rate of 507,000 — 0.4 percent above ...
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