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Housing starts grew in April
The U.S. Commerce Department reported today that housing starts grew more than expected in April. Housing starts rose to a seasonally adjusted annual rate of 1.032 million, far more than the 954.000 estimated for March or 939,000 expected by economists. The rise was due to a 36 percent increase in multi-family units. Single-family home starts dropped for the 12th straight month, down 1.7 percent to a seasonally adjusted annual rate of 692.000. That figure the lowest since January of 1991.
Housing starts grew in April
May 16, 2008
The U.S. Commerce Department reported today that housing starts grew more than expected in April. Housing starts rose to a seasonally adjusted annual rate of 1.032 million, far more than the 954.000 estimated for March or 939,000 expected by economists. The rise was due to a 36 percent increase in multi-family units. Single-family home starts dropped for the 12th straight month, down 1.7 percent to a seasonally adjusted annual rate of 692.000. That figure the lowest since January of 1991.
Posted by Jack Keough on May 16, 2008 | Comments (0)
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