Housing starts rise in April

摘要

Housing starts rose 1.5 percent in April from the previous month, according to the Commerce Department, regaining all the ground they had lost in March. April housing starts reached a seasonally adjusted annual rate of 1.61 million units.This increase was due entirely to a 6.7 percent rise in single-family home production, as multifamily starts fell 15.3 percent to a 321,000-unit rate in April, more than offsetting a double - digit gain registered in the previous month.