A Frigid April for Housing Starts

Looks like the "green shoots" for the U.S. housing market are taking their sweet time springing through the soil. One day after a surprising jump in the National Association of Home Builders' sentiment survey in April, Wall Street was hoping that the May 19 release of the U.S. housing starts report for April would show a modest uptick, with economists forecasting a rise to a 523,000-unit annual pace from an unrevised 510,000 in March.

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