PERMITS UP: U.S. Builders requested a seasonally adjusted annual rate of 747,000 permits to build homes in March, the Commerce Department said Tuesday. The pace hasn't been that high since September 2008.
RENTS RISING: Rents are rising, which has spurred construction for both kinds of apartments and single-family homes. In Chicago, median rents in the past 12 months have risen 8.6 percent, or more than $100 a month.
MORE INTEREST: A survey of homebuilders has shown an increasing amount of foot traffic at open houses across the country since September.
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