As foreclosures continue to decline nationwide through the first quarter on an annual basis, single-family building permits are on the rise during this same time period.

Through the 1Q13, foreclosure starts fell 27% year-over-year while single-family building permits were up by 27%, according to data obtained by RealtyTrac from the Department of Housing and Urban Development. This is the highest first quarterly total for building permits in five years.

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