Economics

U.S. Housing Starts Trail Estimate, Hinting at Supply Chain Woes

Residential starts fell 9.5% in April, missing most estimates
Single-family construction dropped 13.4% as backlogs mounted

WATCH: U.S. housing starts fell by more than forecast in April, suggesting that supply-chain constraints and rising materials costs continue to hold builders back.(Source: Bloomberg)

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By Olivia Rockeman

May 18, 2021 at 8:34 AM EDT

Updated on

May 18, 2021 at 9:04 AM EDT

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U.S. housing starts fell by more than forecast in April, suggesting that supply-chain constraints and rising materials costs continue to hold builders back.

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Before it’s here, it’s on the Bloomberg Terminal

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