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In The News:

April Housing Starts Up 13.2% From March

Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,072,000. This is 13.2 percent above the revised March estimate of 947,000 and 26.4 percent above the April 2013 rate of 848,000.

Single-family housing starts in March were at a rate of 649,000, 0.8 percent above the revised March figure of 644,000. The April rate for units in buildings with five units or more was 413,000.

Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,080,000. This is 8 percent above the revised March rate of 1,000,000 and is 3.8 percent above the April 2013 estimate of 1,040,000.

Single-family authorizations in April were at a rate of 602,000, 0.3 percent 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.

Privately-owned housing completions in April were at a seasonally adjusted annual rate of 847,000. This is 3.9 percent below the revised March estimate of 881,000, but is 21.2 percent above the April 2013 rate of 699,000.

Single-family housing completions in April were at a rate of 602,000, 2.4 percent below the revised March rate of 617,000. The April rate for units in buildings with five units or more was 242,000.

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