The April drop in the number of new buildings in the US exceeded the forecast

Investing.com – The number of houses that were built in the US in April fell by 3.7% compared to the previous month and amounted to 1.287 million in terms of annual rates, according to the data of the Ministry of Commerce of the country.

According to the updated data, in March the number of new buildings grew by 3.6% – to 1.336 million, while earlier it was reported about the increase of only 1.9% – up to 1.319 million.

Wall Street analysts forecast a 2.2% decline last month from the previously announced March level to 1.29 million.