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May 17, 2012

U.S. housing starts rose 2.6% in April

  • The Commerce Department says builders broke ground at a seasonally adjusted annual pace of 717,000 homes.

    • WASHINGTON (AP) — U.S. builders started work on more homes and apartments last month and requested more permits to build single-family homes. The increases suggest the battered housing market is healing.

    The Commerce Department said Wednesday that builders broke ground in April at a seasonally adjusted annual pace of 717,000 homes. That's a 2.6 percent increase from an upwardly revised March figure and near January's three-year high of 720,000. Construction rose for both single-family homes and apartments.


     
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