April Housing Starts Decrease 1.7% YOY

Privately owned housing starts up 6.6 percent compared with March.

Privately owned housing starts in April were at a seasonally adjusted annual rate of 1,172,000. This is 6.6 percent above the revised March estimate of 1,099,000, but is 1.7 percent below the April 2015 rate of 1,192,000.

Single-family housing starts in April were at a rate of 778,000; this is 3.3 percent above the revised March figure of 753,000. The April rate for units in buildings with five units or more was 373,000.

Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,116,000. This is 3.6 percent above the revised March rate of 1,077,000, but is 5.3 percent below the April 2015 estimate.

Single-family authorizations in April were at a rate of 736,000; this is 1.5 percent above the revised March figure of 725,000. Authorizations of units in buildings with five units or more were at a rate of 348,000 in April.

Privately-owned housing completions in April were at a seasonally adjusted annual rate of 933,000. This is 11 percent below the revised March estimate of 1,048,000 and is 7.4 percent below the April 2015 rate of 1,008,000.

Single-family housing completions in April were at a rate of 691,000; this is 3.6 percent below the revised March rate of 717,000. The April rate for units in buildings with five units or more was 232,000.

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