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