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US Housing Starts Spring to Life in April

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Implications: Housing starts surprised to the upside in April, hitting a 1.235 million annual rate, signaling signs of life in home building early in the second quarter. In addition, housing starts were revised higher for March. And a pickup in construction activity looks set for the months ahead.

US housing starts rebound in April after sluggish Q1. Overall starts were up more than 10 percent from the first four months of last year, with single-family starts up nearly 17 percent. New multifamily starts, meanwhile, are down more than 2.3 percent from the first four months of last year. [ WSJ] – Rey Mashayekhi.

U.S. home construction rebounds in April. Housing has been one of the economy’s strongest sectors of growth over the past few years, but sales and construction are not growing as fast in early 2016 as they did in 2015. Starts surged by more than 10% last year. Permits for new construction, a sign of future demand, might offer another clue.

US housing starts rose more than expected in April Getty Images U.S. homebuilding increased more than expected in April and activity in the prior month was stronger than initially thought, suggesting declining mortgage rates were starting to provide some support to the struggling housing market.

The data comes after a survey on Wednesday showed homebuilder confidence jumped to a 7-month high in April. The fixed 30-year mortgage rate is now hovering around 4 per cent, down from a peak of.

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Housing Starts Drop 4% in July. While housing industry watchers haven’t yet given up hope for a late-season rally, the monthly metrics continue to disappoint and the window for a temporary surge is quickly.

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U.S. housing starts fell in April, signaling factors such as rising material and construction labor costs are holding down home building despite solid buyer demand. housing starts fell 3.7% in April from the prior month, to a seasonally adjusted annual rate of 1.287 million, the Commerce Department said Wednesday.

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