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The number of new buildings in the US in March increased by 6.5%, to 1.23 million

The number of new homes in the US in March increased by 6.5% compared with February and amounted to 1.23 million, analysts say, polled by Reuters.
The indicator of the number of new buildings reflects the number of new houses, the construction of which has already begun. The need for loans for housing construction determines the extreme sensitivity of this indicator to the level of interest rates in the country. The increase in construction indicates a positive trend in the income of the population and a positive effect on the dynamics in related industries.