Research >> Economics
April Housing Starts up 6.6%, Permits up 3.6%
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BUILDING PERMITS
Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,116,000. This is 3.6 percent (±1.3%) above the revised March rate of 1,077,000, but is 5.3 percent (±1.3%) below the April 2015 estimate of Single-family authorizations in April were at a rate of 736,000; this is 1.5 percent (±0.8%) above the revised March figure of 725,000. Authorizations of units in buildings with five units or more were at a rate of 348,000 in April.
HOUSING STARTS
Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,172,000. This is 6.6 percent (±10.2%)* above the revised March estimate of 1,099,000, but is 1.7 percent (±10.1%)* below the April 2015 rate of 1,192,000. Single-family housing starts in April were at a rate of 778,000; this is 3.3 percent (±12.1%)* above the revised March figure of 753,000. The April rate for units in buildings with five units or more was 373,000.
HOUSING COMPLETIONS
Privately-owned housing completions in April were at a seasonally adjusted annual rate of 933,000. This is 11.0 percent (±12.3%)* below the revised March estimate of 1,048,000 and is 7.4 percent (±10.6%)* below the April 2015 rate of 1,008,000. Single-family housing completions in April were at a rate of 691,000; this is 3.6 percent (±12.6%)* below the revised March rate of 717,000. The April rate for units in buildings with five units or more was 232,000.
Posted: May 17, 2016 Tuesday 08:30 AM