Housing Starts Jump in April

Builders picked up the building pace in April as the industry streaked past analyst estimates for new home starts.  Led mainly by the development of multi-family projects builders showed that they exist to do one thing - build.  While the country still faces a massive glut in properties builders are placing their bets in  lower-cost multi-family units.  As deep discounts and incentives seem yet to stem the tide of single-family malaise home builders are looking for other ways to keep the revenue streams to at least a trickle. From Market Watch on the housing start up-tick: U.S. home builders broke ground on 8.2% more homes in April, led by a 36% increase in multi-family units, the Commerce Department estimated Friday. Housing starts rose to a seasonally adjusted annual