April housing starts rose 20.2% nationwide from an upwardly revised March tally, according to Census Bureau data released Tuesday. New construction in the multifamily sector outshone single-family starts, with apartment builds up 27.2% from the previous month to a seasonally adjusted annual rate of 402,000 units, compared to a 16.7% increase for single-family.
The National Association of Home Builders cheered the results, pointing out that April’s seasonally adjusted annual rate of 1.135 million units represented the highest level of housing production since November 2007.
Read more...MF Dominates as Housing Starts Gain - Daily News Article - GlobeSt.com
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