US Housing Starts Rise 2.2% in April, Building Permits Fall Slightly: Commerce Department Report

(CercleFinance.com) – The Commerce Department reports a 2.2% increase in housing starts in the United States in April, to 1,401,000 at an annualized rate, a level in line with expectations economists.

On the other hand, building permits for American housing – supposed to prefigure future housing starts – fell by 1.5% to 1,416,000 at an annualized rate in April, thus slightly missing the market consensus.

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