Steel Markets
May 17, 2016
Housing Starts Make Modest Gain in April
Written by Sandy Williams
Housing starts in April increased 6.6 percent from the previous month to a seasonally adjusted annual rate of 1,172,000, according to data from the U.S. Department of Housing and Urban Development and the Commerce Department. On a year over year basis housing start were down 1.7 percent.
Single-family housing starts in April were at a rate of 778,000, 3.3 percent above the revised March figure of 753,000. The April rate for units in buildings with five units or more was 373,000.
