Housing starts surge to 8-year high in April

May 19, 2015 9:35 PM

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Housing starts surge to 8-year high in April

The home building market perked up in April along with the milder weather as housing starts surged to an eight-year high.

Builders broke ground last month on 1.14 million homes at a seasonally adjusted annual rate, up 20.2% from March, the Commerce Department said Tuesday. That's the most since November 2007. Economists surveyed by Bloomberg predicted a rise to 1.02 million. March's total housing starts were revised to...

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