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8:30am 04/16/04 U.S. MARCH HOUSING STARTS UP 6.4% TO 2.01 MLN UNITS
8:30am 04/16/04 U.S. MARCH HOUSING STARTS LARGEST RISE SINCE MAY 2003
8:30am 04/16/04 U.S. FEB HOUSING STARTS REVISED TO 1.89 MLN VS 1.86 MLN

Housing starts top 2 million in March
WASHINGTON (CBS.MW) -- Starts of new U.S. houses rose about 6.4 percent March to a seasonally adjusted, annualized pace of 2.01 million units, the Commerce Department said Friday. The stronger-than expected rise is the first increase since December and largest monthly gain since May 2003.
Starts hit a 20-year high of 2.06 million in December as builders reacted to low interest rates and record new home sales.
Housing starts have risen 15.3 percent since March of last year.
Economists were looking for starts to accelerate slightly in March, to about 1.91 million units, according to a survey conducted by CBS MarketWatch.