Housing Starts Increase 1.6%
- Share via
WASHINGTON — Housing starts rose 1.6% to their highest rate in a year last month as a boom in apartment construction offset a slight decline in single-family construction, the government reported today.
The Commerce Department reported that home building advanced in April to an annual rate of 1.91 million units. While the 1.6% increase was far below the big 14.3% rise posted in March, it was enough to push housing activity to its strongest pace since an an annual rate of 1.95 million units in April, 1984.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
