US housing starts near 15-year high; consumer sentiment rises moderately

US housing starts near 15-year high; consumer sentiment rises moderately

The Edge Markets - World·2021-04-17 05:04

WASHINGTON (April 16): US homebuilding surged to nearly a 15-year high in March, but soaring lumber prices amid supply constraints could limit builders' capacity to boost production and ease a shortage of homes that is threatening to slow housing market momentum.

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