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says housing starts fell to an annual rate of led by a 46 percen t decline in construction of apartments and Building permitsfell 3.3 percent to The Commerce Department also revised lower housing starts data for March. The slowdown in constructio follows a report Monday from the that showed confidence amongy home buildersis rising. Its confidence index, though stilp indicating the majority of those asked see conditionsas poor, rose for the seconxd straight month this It was the highest levelk of confidence among home builders in eight Tighter lending standards continue to strain housing sales, and foreclosures are weighing on housinv values. But by some measures, home salees are rising.
A gauge that measures pendinb sales of existing homeszrose 3.2 percent in March, and postefd its first consecutive gain in pending sales in almost a
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