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April Housing Stqrts-92,OOO

The prelin-rinary estirnate of 92,000 new nonfarm drvelling units started in April brings the seasonally atljustecl annual rate up to 940,000 units, 60,000 higher than the Nlarch rate. A clownward revision in the January figure of 2000 units brings the estimate of starts for the first four rronths of this year to 303,000 rlnits,60,500 r-urits less tl.ran the first four months of 19.56, reports the National Retail Lrrnibcr Dealers Association.

Althotrgh ll/o higher thar.r in N{arch, the April total r,r'as the smallest trur.nber of dwelling units started in April in :ury year since 1949 and lvas downlT/o from a year ago. Private housing accotrntecl for all of the gain over }Iarch, rising 19/o to 89,500 units in April; public housing was clown to 2,500 units in April after a jun.rp to 7,.500 in March, when starts under the