Article May 24, 2013
Big Decrease in Multi-Family Segment Pushes Down April Housing Starts 16.5%
The U.S. Census Department announced last week that privately-owned housing starts in April were at a seasonally adjusted annual rate of 853,000, 16.5% percent below the revised March estimate of 1,021,000, but 13.1% above the April 2012 rate of 754,000. Single-family housing starts in April were at a rate of 610,000, 2.1% below the revised March figure of 623,000. The April rate for units in buildings with five units or more was 234,000.