TSXV:RET - Post Discussion
Post by
nozzpack on May 17, 2023 8:40am
Housing Starts Increase in April in US
Housing starts in the US unexpectedly increased 2.2% month-over-month to a seasonally adjusted annualized rate of 1.401 million in April of 2023, compared to market forecasts of 1.4 million.
Data for March was revised sharply lower to 1.37 million from 1.42 million. In April, single-family housing starts, which account for the bulk of homebuilding, increased 1.6% to a four-month high of 846K and starts in buildings with five units or more increased 5.2% to 542K. Starts surged in the West (34.6% to 315K) and the Midwest (32.6% to 171K) but fell in the Northeast (-23.4% to 131K) and the South (-6.3% to 784K). source: U.S. Census Bureau
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