The 2020 Mid-Year Economic Update_long

April Housing Starts Increase 9.2% YOY

Privately owned housing starts up 20.2 percent compared with March.

Privately owned housing starts in April were at a seasonally adjusted annual rate of 1,135,000, according to the U.S. Census Bureau and the Department of Housing and Development. This is 20.2 percent above the revised March estimate of 944,000 and is 9.2 percent above the April 2014 rate of 1,039,000.

Single-family housing starts in April were at a rate of 733,000; this is 16.7 percent above the revised March figure of 628,000. The April rate for units in buildings with five units or more was 389,000.

Privately owned housing units authorized by building permits in April were at a seasonally adjusted annual rate 1,143,000. This is 10.1 percent above the revised March rate of 1,038,000 and is 6.4 percent above the April 2014 estimate of 1,074,000.

Single-family housing authorizations in April were at a rate of 666,000; this is 3.7 percent above the revised March figure of 642,000. Authorizations of units in buildings with five units or more were at a rate of 444,000 in April.

Privately owned housing completions in April were at a seasonally adjusted annual rate of 986,000. This is 20.4 percent above the revised March estimate of 819,000 and is 19.4 percent above the April 2014 rate of 826,000.

Single-family housing completions in April were at a rate of 688,000; this is 14.5 percent above the revised March rate of 601,000. The April rate for units in buildings with five units or more was 288,000.

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