US: Single-family housing activity picks up after March softening – Nomura

US: Single-family housing activity picks up after March softening – Nomura

Analysts at Nomura note that US housing starts fell 3.7% m-o-m to 1287k saar in April, slightly above their forecast but below market expectations (Nomura: -4.1% m-o-m to 1265k, Consensus: -0.7% to 1310k), driven by a sharp 11.3% decline in volatile multifamily starts. Key Quotes “Single-family starts, on the other hand, increased 0.1% with positive […]

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