About the only housing stat that was positve last month is negative this month, as the housing malaise and decline from last year’s government induced fauxcovery continues:
Housing starts declined another 10.6% in April, according to Commerce Department data, reversing the gains of the prior month and coming in well below most analysts’ estimates. On a seasonally adjusted basis, starts fell to 523,000 last month down from a revised 585,000 for March and nearly 24% lower than 687,000 a year earlier.
See the whole story at HousingWire.
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