Housing starts rose 5.7% to 1.360 M in April Housing starts rose 5.7% to 1.360 M in April, weaker than expected pace after downward revisions to the prior months amid annual revisions. March starts plunged -16.8% to 1.287 (was 1.321 M) after February starts climbed 12.4% to 1.546 (was 1.549) M.All of the strength was in multifamily starts which surged 30.6% in April to 0.329 M after slumping -38.8% to 0.252 (was 0.299) M. Single family starts dipped -0.4% to 1.031 M after dropping -8.7% to 1.035k (was 1.022) M in March.Building permits were down -3.0% to 1.440 M in April after sliding -5.0% to 1.485 (was 1.458) M in March
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