cloudy.png
Tuesday July 7th, 2020 8:14PM

US home construction climbed 5.7% in April

By The Associated Press
Related Articles
  Contact Editor

WASHINGTON (AP) — U.S. home construction rose in April, led by an uptick in single-family homes.

The Commerce Department said Thursday that homebuilding rose 5.7% last month to a seasonally adjusted annual rate of 1.24 million. But housing starts fell 2.5% from a year earlier, suggesting that would-be home buyers are facing a shortage of new houses.

Construction of single-family homes increased 6.2% to 854,000 but was down 4.3% from a year earlier. Building of apartments and condominiums rose 2.3% to 359,000 and was up 1.4% from April 2018.

From March to April, housing starts surged 84.6% in the Northeast and 42% in the Midwest but fell 5.7% in the South and 5.5% in the West.

Housing permits, an indicator of future activity, rose 0.6% to 1.3 million, the first uptick since December.

  • Associated Categories: Local/State News, Associated Press (AP), AP Business, AP Business - Economy
© Copyright 2020 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Alabama governor invokes God in banning nearly all abortions
Alabama's Republican governor has signed a bill into law criminalizing abortion in nearly all cases, with no exceptions for rape or incest
8:44AM ( 23 minutes ago )
US home construction climbed 5.7% in April
US home construction rose in April, led by uptick in building of single-family homes
8:33AM ( 35 minutes ago )
Tilda Swinton relishes her samurai turn in 'Dead Don't Die'
Tilda Swinton, a zombie-killer in Jim Jarmusch's new 'The Dead Don't Die,' relishes her samurai turn
8:30AM ( 37 minutes ago )
Associated Press (AP)
Iran claims right to respond to 'unacceptable' US sanctions
Foreign minister says Iran has the right to respond to 'unacceptable' sanctions by Trump administration
8:10AM ( 57 minutes ago )
UK leader under pressure as rivals push for the end of May
British Prime Minister Theresa May is facing an uncomfortable meeting with Conservative Party lawmakers who are demanding she quit within weeks
8:09AM ( 58 minutes ago )
Walmart same store sales growth continues
Walmart tops profit expectations, though revenue feels currency drag
8:09AM ( 59 minutes ago )
AP Business
Global stocks mixed after Trump signs telecoms order
Global shares mixed after Trump signs order
6:18AM ( 2 hours ago )
Venezuelan government, opposition head to talks in Norway
Venezuelan government and opposition have sent envoys to Norway to attend talks on ways of ending the South American country's crisis
12:04AM ( 9 hours ago )
Venezuelan government, opposition to talk in Norway
Officials in Venezuela say representatives of the government and opposition have traveled to Norway for talks on resolving the political crisis in the South American country
10:34PM ( 10 hours ago )
AP Business - Economy
Alabama governor invokes God in banning nearly all abortions
Alabama's Republican governor has signed a bill into law criminalizing abortion in nearly all cases, with no exceptions for rape or incest
8:44AM ( 23 minutes ago )
Tilda Swinton relishes her samurai turn in 'Dead Don't Die'
Tilda Swinton, a zombie-killer in Jim Jarmusch's new 'The Dead Don't Die,' relishes her samurai turn
8:30AM ( 37 minutes ago )
Longtime ETA fugitive Josu Ternera arrested in France
Spain's Interior Ministry says that a longtime chief of the Basque separatist militant group ETA has been arrested in the French Alps.
8:18AM ( 49 minutes ago )
Ukraine's new president set to be sworn in next week
Ukraine's parliament has voted to swear the new president into office next week, opening the possibility of a snap parliamentary election
8:14AM ( 53 minutes ago )
Iran claims right to respond to 'unacceptable' US sanctions
Foreign minister says Iran has the right to respond to 'unacceptable' sanctions by Trump administration
8:10AM ( 57 minutes ago )