General World News

Homebuilders capitalizing on lack of housing inventory

After falling 0.8% in March, housing starts were back up again in April, according to a report released Wednesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD).

Home starts checked in at an estimated annual pace of 1.401 million in April, up 2.2% month over month. Despite this increase, housing starts were down 22.3% on a yearly basis. 

The monthly uptick in starts came via increases in both single family (1.6%) and details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com