Multi-family activity boosts housing starts rebound

|By:, SA News Editor

Overall housing starts of 1.072M were 13.2% higher than March's revised level of 947K and 26.4% above the one year ago level. Single-family starts of 649K edged up from March's level of 644K. Multi-family starts of 413K accounted for 39% of all starts - the highest level in about 40 years.

Overall building permits of 1.08M grew 8% from March and were 3.8% higher than a year ago. Single-family permits of 602K were essentially unchanged from March's 600K. Multi-family permits were 453K.

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The 10-year Treasury yield briefly jumped a couple of basis points on the print, but is back to unchanged on the session at 2.50%.


Previously: Housing Starts