Housing Starts

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Housing Starts Surge on Apartment Construction; Single Family Starts Hit 17-Year Low 

May 16, 2008By

For a day, at least, market participants can bask in some good news on housing. Builders shifted their focus to multi-family housing starts in April, helping push total housing starts up an astounding 8.2 percent compared to a revised March total, the Commerce Department said Friday morning. Privately-owned housing starts registered a seasonally-adjusted annual rate of 1.032 million last month, up from a rate of 954,000 in March.

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