U.S. Department of Housing and Urban Development (HUD)

Increase 2.2% from March, but number of units under construction not enough to fill inventory void.

Northeast saw a massive 171% spike in sales as buyers turn to newly constructed homes.

Starts down 0.8% from February and down 17% from a year earlier.

Decrease was due to a decline in both purchase and refinancing activity, driven by the rise of interest rates.

Supply of houses for sale fell for the fourth straight month.

Department to rescind 2020 rule that court injunction halted.