Housing Starts Probably Rebounded From a Five-Month Low

Builders in the U.S. probably broke ground on more houses in April, rebounding from a five-month low and indicating the industry is stabilizing, economists said before a report today.

Starts climbed 4.7 percent to a 685,000 annual rate, according to the median estimate of 80 economists surveyed by Bloomberg News. Building permits, a proxy for future construction, may have dropped for the first time this year. Industrial production rose in April, a Federal Reserve report is projected to show.