Housing starts decreased slightly to a seasonably adjusted annual rate of 1.969 million units in April, the Commerce Department reported. The pace was 2.1 percent below March’s revised rate of 2 million, but 20.3 percent above April 2003.
“Builders remain confident about the market as demand for single-family homes and condominiums remains strong, even as mortgage rates begin to edge up,” said Bobby Rayburn, president of the National Association of Home Builders (NAHB) and a home and
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