US housing starts increase more-than-expected in April

Source: Reuters
© Reuters
In the United States, housing starts grew 6.6% to a 1.17 million-unit pace on a seasonally adjusted basis in April, according to the Department of Commerce. In the meantime, March's housing starts were revised up from the originally reported 1.09 million pace to 1.10 million-unit pace. Analysts surveyed by Reuters expected the 1.13 million-unit pace in April.

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