Housing starts rose in April

Housing recovery could be finding traction after a slow first quarter

By Anna Louie Sussman and Ben Leubsdorf | The Wall Street Journal

Home building in the U.S. rebounded in April, a sign the housing recovery could be finding traction after a slow first quarter.

Housing starts rose 6.6% from a month earlier to a seasonally adjusted annual rate of 1.172 million in April, the Commerce Department said Tuesday.

The uptick was driven by a jump in starts in the Midwest, and a pickup in multifamily construction. Demand for housing has been steady, bolstered by historically low interest rates and ongoing job creation.

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May 17, 2016

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