US housing starts rebound in April after sluggish Q1 New housing construction up nearly 7% last month but down 2% from April 2015
Housing starts in the U.S. picked up 6.6 percent in April, in a welcom上海千花网交友 e rebound from what was a slow first quarter for new housing construction nationally.
The nearly 7 percent jump in new starts from the previous month was primarily driven by the Midwest r上海千花网龙凤论坛 egion and the multifamily housing sector, in particular. New building permit applications – an indicator of future cons上海同城对对碰交友社区 truction starts – were also up 3.6 percent in April.
Despite interest rates that remain at historic lows and job creation that has continued at a steady pace, newly built home sales had a sluggish first quarter and dropped for the third consecutive month in March, according to the Wall Street Journal.
And there is also concern that new applications for building permits, while on the rise, have lagged behind new housing starts as of late.
But hou上海千花网 sing starts continue to show strength, with single-family home construction up more than 3 percent in April from the previous month and new multifamily building starts up nearly 11 percent month-on-month.
While housing starts in April were nearly 2 percent below their April 2015 numbers and permits were down more than 5 percent year-on-year, the overall picture爱上海同城对对碰 over the first four months of 2016 is much rosier.
Overall starts were up more than 10 percent from the first four months of last year, with single-family starts up nearly 17 percent. New multifamily starts, meanwhile, are down more than 2.3 percent from the first four months of last year. [WSJ] – Rey Mashayekhi
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