Housing Starts Down in April

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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