US Housing

US Housing Market Data Response

16 May, 2018

Housing Starts (Apr.)

As expected, a reversal of the surge in multifamily starts seen in March contributed to a 3.7% m/m drop in total housing starts in April. More of a concern is the lack of a sustained recovery in single-family construction. Despite very tight market conditions contributing to a rise in homebuilder confidence, starts in that sector have simply held their ground since the start of the year.

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