Research >> Economics
April Housing Starts up 13.2%, Permits up 8.0%
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BUILDING PERMITS
Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,080,000. This is 8.0 percent (±0.7%) above the revised March rate of 1,000,000 and is 3.8 percent (±0.9%) above the April 2013 estimate of 1,040,000. Single-family authorizations in April were at a rate of 602,000; this is 0.3 percent (±0.8%)* above the revised March figure of 600,000. Authorizations of units in buildings with five units or more were at a rate of 453,000 in April.
HOUSING STARTS
Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,072,000. This is 13.2 percent (±13.6%) above the revised March estimate of 947,000 and is 26.4 percent (±11.8%) above the April 2013 rate of 848,000. Single-family housing starts in April were at a rate of 649,000; this is 0.8 percent (±10.8%) above the revised March figure of 644,000. The April rate for units in buildings with five units or more was 413,000.
HOUSING COMPLETIONS
Privately-owned housing completions in April were at a seasonally adjusted annual rate of 847,000. This is 3.9 percent (±10.1%) below the revised March estimate of 881,000, but is 21.2 percent (±13.6%) above the April 2013 rate of 699,000. Single-family housing completions in April were at a rate of 602,000; this is 2.4 percent (±10.3%) below the revised March rate of 617,000. The April rate for units in buildings with five units or more was 242,000.
Posted: May 16, 2014 Friday 08:30 AM