StockMarketWire.com - US privately-owned housing units authorized by building permits in January reached 1,396,000, up 7.4% compared to December, according to the United States Census Bureau.

The market had been expecting around 1,300,000 building permits.

Housings starts, meanwhile, rose to 1,326,000, up 9.2% on December and ahead expectations of around 1,230,000.


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