MULTIFAMILY DROP BRINGS DOWN HOUSING PRODUCTION 2.6 PERCENT IN APRIL

摘要

Led by a decline in multifamily production, nationwide housing starts fell 2.6% in April to a seasonally adjusted annual rate of 1.17 million units, according to newly released data from HUD and the Commerce Department. Multifamily starts fell 9.2% to a seasonally adjusted annual rate of 337,000 units while single-family production remained essentially unchanged, ticking up 0.4% to 835,000.