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    Analysis

    May 16, 2018

    Housing Starts Dip in April on Falling Multifamily Construction

    Written by Sandy Williams

    Housing starts slowed in April, falling 3.6 percent from revised March data to a seasonally adjusted annual rate of 1,287,000. Compared to a year ago, starts increased 10.5 percent, reports the National Association of Home Builders (NAHB).

    Most of the April decline was a result of a 12.6 percent plunge in multifamily housing after making gains in March. Multifamily starts of five units or more were at a rate of 374,000. Single-family housing starts were relatively flat, gaining 0.1 percent from March for a rate of 894,000.

    Sandy Williams

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