April Housing Starts Up 8.2 Percent

The downswing in the single-family housing market deepened in April while a bump up for the month in the extremely volatile multi-family market lifted total housing starts 8.2 percent to a seasonally adjusted annual rate of 1.032 million units, according to figures released by the Commerce Department. Total starts were down 30.6 percent from a year earlier.

Single-family housing starts dropped 1.7 percent for the month to a seasonally adjusted annual rate of 692,000 units, the lowest

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