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In The News:

Housing Starts Up 29.9% in April Year-Over-Year

May 16, 2012
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Privately owned housing starts in April were at a seasonally adjusted annual rate of 717,000, 2.6 percent above March and 29.9 percent above April 2011, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

Single-family housing starts in April were at a rate of 492,000, 2.3 percent above the revised March figure of 481,000. The April rate for units in buildings with five units or more was 217,000.

Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 715,000, 7 percent below March, but 23.7 percent above April 2011.

Single-family authorizations in April were at a rate of 475,000; this is 1.9 percent above March.

Authorizations of units in buildings with five units or more were at a rate of 217,000 in April.

Privately-owned housing completions in April were at a seasonally adjusted annual rate of 651,000. This is 10 percent above March and is 20.1 percent above April 2011.

Single-family housing completions in April were at a rate of 489,000; this is 11.4 percent above March. The April rate for units in buildings with five units or more was 158,000.

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