Housing Starts Down 16% From Last April
May 17, 2007Year-to-Date Percent Change (through April 2007)
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The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following residential construction
statistics for April 2007:
Year-to-Date Percent Change (through April 2007)
; Building Permits Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,429,000. This is 8.9 percent (& plusmn; 1.4%) below the revised March rate of 1,569,000 and is 28.1 percent (& plusmn; 1.5%) below the revised April 2006 estimate of 1,987,000. Single-family authorizations in April were at a rate of 1,063,000; this is 6.0 percent (& plusmn; 1.3%) below the March figure of 1,131,000. Authorizations of units in buildings with five units or more were at a rate of 306,000 in April. ; ; Housing Starts Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,528,000. This is 2.5 percent (& plusmn; 9.3%) above the revised March estimate of 1,491,000, but is 16.1 percent (& plusmn; 5.5%) below the revised April 2006 rate of 1,821,000.
; Single-family housing starts in April were at a rate of 1,225,000; this is 1.6 percent (& plusmn; 9.5%)* above the March figure of 1,206,000. The April rate for units in buildings with five units or more was 267,000. ; Housing Completions Privately-owned housing completions in April were at a seasonally adjusted annual rate of 1,523,000. This is 5.8 percent (& plusmn; 8.3%)* below the revised March estimate of 1,616,000 and is 26.0 percent (& plusmn; 5.9%) below the revised April 2006 rate of 2,058,000. ; Single-family housing completions in April were at a rate of 1,261,000; this is 3.4 percent (& plusmn; 8.6%)* below the March figure of 1,306,000. The April rate for units in buildings with five units or more was 222,000.
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