U.S. housing building rose by 2.6% in April
The start of construction of new U.S. homes during the month of April amounted to 717,000 units, registering an increase of 2.6% compared to March, when the revised figure was 699,000 homes, according to the Department of trade.
Furthermore, this figure is 29.9% higher than the figure recorded in the same month in 2011, when construction began on 552,000 new homes in America.
Meanwhile, the housing construction permits granted during the month of April were down 7% in month terms, to 715,000 annualized authorizations, although 23.7% exceed the figure of a year ago.
Similarly, the annualized housing completed in the fourth month of the year reached 651,000 units, up 10% from the revised March figure and 20.1% more than the same month of 2011.