Housing Starts Up Significantly In April

Housing starts jumped last month as more construction workers began their peak working season. Housing starts increased 13.2% to a seasonally adjusted annual rate of 1.07 million, according to the Census Bureau. Multi-family housing construction contributed the most gains and increased 40% from the previous month while single-family starts rose 0.8% from March to April. Additionally home permits have also increased 8% to a seasonally adjusted annual rate of 1.08 million. More here

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