In another sign that the economy is still sluggish, housing starts fell 12.8% last month, to 458,000, the Commerce Department reported today.

April's figures represent a 54.7% decline since April 2008. In March, housing starts fell 11.0%.

Single-family housing starts were 2.8% below the March level. Single-family housing completions increased 4.9%.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.