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- U.S. housing data better than expected
U.S. housing data better than expected
U.S.
building permits increased to 1.080 million units in April, from 1.000 million units
in March. March’s figure was revised up from 0.990 million units. Analysts had
expected an increase to 1.010 million units. That was the highest level since
2008.
U.S.
housing starts rose to 1.072 million units in April, from 0.947 million in
March. March’s figure was revised up from 0.946 million units. Analysts had forecasted
an increase to 0.980 million units. That was the best figure since November
2013
The sharp
rise of the U.S. housing starts was driven by a big jump in multifamily homes. Construction
of multifamily homes was up almost 40.0%. Construction of single-family homes increased
only 0.8%.
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