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In The News:

Housing Starts Down 12.8% in April

Housing starts in April were down 12.8% from March and 54.2% below April 2008, according to the U.S. Census Bureau and the Department of Housing and Urban Development.
 
Starts fell to a seasonally adjusted annual rate of 458,000. Single-family starts were at 368,000, up 2.8% from March. The April rate for units in buildings with five units or more was 78,000.
 
Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 494,000, 3.3% below March, and 50.2% below April 2008.
 
Single-family authorizations in April were at a rate of 373,000; this is 3.6% above March. Authorizations of units in buildings with five units or more were at a rate of 103,000 in April.
 
Privately-owned housing completions in April were at a seasonally adjusted annual rate of 874,000. This is 4.9% above March, but is 15% below April 2008. Single-family housing completions in April were at a rate of 549,000; this is 0.2% above March. The April rate for units in buildings with five units or more was 313,000.

More details on housing starts.

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