WASHINGTON | US home building slides 3.7 percent in April
WASHINGTON — U.S. builders broke ground on fewer apartment buildings last month, pushing overall home construction down 3.7 percent from March.
The Commerce Department said Wednesday that housing starts fell to a seasonally adjusted annual rate of 1.29 million in April, lowest since December. Apartment construction tumbled 12.6 percent to 374,000. Construction of single-family homes blipped up 0.1 percent to 894,000.
Still, housing starts are up 10.5 percent from April 2017 on a 7.2 percent increase in single-family homes, and a 19.1 percent surge in apartments.