US Housing Starts Reach 15-Month Peak; Durable Goods Orders Stronger Than Expected

In March, U.S. housing starts climbed to their highest level in 15 months, reaching an annualized rate of 1.502 million, signaling a robust construction sector. Additionally, durable goods orders for the same month increased by 0.8% month-over-month, exceeding analyst predictions. This growth was notably fueled by strong demand within the computer and electronic products categories.