Housing starts soared from March to April, and remained well above year-ago levels.
Privately owned housing starts, which include single-family and multifamily residential construction, jumped 20.2 percent in April to a seasonally adjusted annual rate of 1.135 million from a revised March estimate of 944,000, according to a monthly reported released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.
Compared to a year ago, privately owned housing starts were up 9.2 percent in April, the report said.
Single-family housing starts leaped 16.7 percent in April to a seasonally adjusted annual rate of 733,000 from a revised March estimate of 628,000.
Single-family housing starts in April were up 14.7 percent from a year ago.
Read the full press report here.