Housing Starts Hit Record Low in April, But Single-Family Sector Is Showing Signs of Recovery

摘要

Housing starts fell to a record low in April as multi-family activity dropped sharply, but the critical single-family sector showed signs of recovery.rnSeparately, the National Association of Home Builders (NAHB) reported some improvement in builder confidence in May, though the level of confidence remains low.rnThe seasonally adjusted annual starts rate in April was 458,000 units, down 12.8 percent from the March rate of 525,000. The April starts rate was the lowest since the Commerce Department began the current data collection system in 1959.