Housing Starts Down 16% From Last April - Modern Distribution Management

Log In

Housing Starts Down 16% From Last April

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following residential construction statistics for April 2007:




Year-to-Date Percent Change (through April 2007)





<td style="BORDER-RIGHT: windowtext 1pt ...
Author
Date

0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent” valign=”top” width=”118″>
-25.1%


&nbsp ;
Permits -18.2% -29.1% -27.9% -26.3%

&nbsp ;

Building Permits
Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,429,000. This is 8.9 percent (& plusmn; 1.4%) below the revised March rate of 1,569,000 and is 28.1 percent (& plusmn; 1.5%) below the revised April 2006 estimate of 1,987,000.

Single-family authorizations in April were at a rate of 1,063,000; this is 6.0 percent (& plusmn; 1.3%) below the March figure of 1,131,000. Authorizations of units in buildings with five units or more were at a rate of 306,000 in April.

&nbsp ;

&nbsp ;
Housing Starts
Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,528,000. This is 2.5 percent (& plusmn; 9.3%)above the revised March estimate of 1,491,000, but is 16.1 percent (& plusmn; 5.5%) below the revised April 2006 rate of 1,821,000.
&nbsp ;
Single-family housing starts in April were at a rate of 1,225,000; this is 1.6 percent (& plusmn; 9.5%)* above the March figure of 1,206,000. The April rate for units in buildings with five units or more was 267,000.
&nbsp ;
Housing Completions
Privately-owned housing completions in April were at a seasonally adjusted annual rate of 1,523,000. This is 5.8 percent (& plusmn; 8.3%)* below the revised March estimate of 1,616,000 and is 26.0 percent (& plusmn; 5.9%) below the revised April 2006 rate of 2,058,000.
&nbsp ;
Single-family housing completions in April were at a rate of 1,261,000; this is 3.4 percent (& plusmn; 8.6%)* below the March figure of 1,306,000. The April rate for units in buildings with five units or more was 222,000.The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following residential construction statistics for April 2007:

Year-to-Date Percent Change (through April 2007)

&nbsp ; Northeast Midwest South West
Housing Starts -16.8% -40.2% -24.5%

Share this article

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.

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

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

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.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.