Wednesday, 29 June 2022 | The Latest Buzz for the Appraisal Industry

Housing Starts Fell in April But Remain Up Compared to Last Year

Housing starts in April were at a seasonally adjusted annual rate of 1.569 million, a decrease of 9.5% compared with March but up 67.3% compared with April 2020, according to estimates from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

The massive year-over-year increase is due to the economic impact of the pandemic, which peaked in April 2020.

The month-over-month decrease in production is likely due to the rising

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