RANDOM LENGTHS: Starts post April rebound from weak early 2019 start
EUGENE, OR, May 17, 2019 (Through a Knothole) -U.S. housing starts in April rebounded as many analysts had expected from disappointing levels in February and March. Total starts rose to a seasonally adjusted annual rate of 1.235 million units, up 5.7% from March, but 2.5% below the April 2018 pace.
Single-family starts gained 6.2% to an annual rate of 854,000 units, while multifamily starts increased 4.7% to a 381,000-unit pace. Regionally, starts rose sharply in the Northeast and Midwest, but fell in the South and West.
Wood products traders largely shrugged off the report. To some, however, it indicated building was getting ...