Housing Starts Slip with Multifamily Correction in April
2013-06-13
A correction from an unsustainably high level of production on the volatile multifamily side was largely responsible for a 16.5% dip in nationwide housing starts to a seasonally adjusted annual rate of 853,000 units in April, according to newly released figures from the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau.