Housing Starts Bounce Back in April

Housing starts posted very healthy figures in April, surging 11 percent to a seasonally adjusted annual rate of 2.038 million units, the U.S. Commerce Department reported. The April construction pace was also up 3.6 percent from a year ago.

“After a temporary fall-off in March that appears largely weather-related, housing is back on track,” said David Wilson, president of the National Association of Home Builders (NAHB) and a custom builder from Ketchum, Idaho. “Our builder surveys sh

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