US Housing Starts Rise in Sign Home Construction Is Stabilizing

June 19, 2023
Augusta Saraiva - Bloomberg

US housing starts increased in April, adding to evidence that residential real estate is gradually recovering after a yearlong slump.

Beginning home construction rose 2.2% to a 1.4 million annualized rate, according to government data released Wednesday. Single-family homebuilding increased 1.6% to the highest level this year, entirely due to a jump in the West. Starts of apartment buildings and other multifamily projects also rose.



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