Home construction got off to a strong start in 2013, as builders filed for the greatest number of permits in more than four years in January.
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Permits are a sign of builders’ confidence in the market. It’s also less affected by weather than housing starts. Last month, builders filed for permits at an annual rate of 925,000, up about 2% from December and up 35% from a year earlier. It was the best month for permits since June 2008.