April Housing Starts Increase 0.7% YOY

Privately owned housing starts down 2.6 percent compared with March.

Privately owned housing starts in April were at a seasonally adjusted annual rate of 1,172,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.6 percent below the revised March estimate of 1,203,000 but 0.7 percent above the April 2016 rate of 1,164,000.

Single-family housing starts in April were at a rate of 835,000; this is 0.4 percent above the revised March figure of 832,000. The April rate for units in buildings with five units or more was 328,000.

Privately owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,229,000. This is 2.5 percent below the revised March rate of 1,260,000 but is 5.7 percent above the April 2016 estimate of 1,163,000.

Single-family authorizations in April were at a rate of 789,000; this is 4.5 percent below the revised March figure of 826,000. Authorizations of units in buildings with five units or more were at a rate of 403,000 in April.

Privately owned housing completions in April were at a seasonally adjusted annual rate of 1,106,000. This is 8.6 percent below the revised March estimate of 1,210,000 but is 15.1 percent above the April 2016 rate of 961,000.

Single-family housing completions in April were at a rate of 784,000; this is 4.5 percent below the revised March rate of 821,000. The April rate for units in buildings with five units or more was 299,000.

For more detail, download the PDF below.

Click Here


About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.