Housing Starts Increased to 1.361 million Annual Rate in April
From the Census Bureau: Permits, Starts and Completions Housing Starts: Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,361,000. This is 1.6 percent above the revised March estimate of 1,339,000, but is 1.7 percent below the April 2024 rate of 1,385,000. Single-family housing starts in April were at a rate of 927,000; this is 2.1 percent below the revised March figure of 947,000. The April rate for units in buildings with five units or more was 420,000. Building Permits: Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,412,000. This is 4.7 percent below the revised March rate of 1,481,000 and is 3.2 percent below the April 2024 rate of 1,459,000. Single family authorizations in April were at a rate of 922,000; this is 5.1 percent below the revised March figure of 972,000. Authorizations of units in buildings with five units or more were at a rate of 431,000 in April. emphasis added Click on graph for larger image. The first graph shows single and multi-family housing starts since 2000. Multi-family starts (blue, 2+ units) increased month-over-month in April. Multi-family starts were up sharply year-over-year. Single-family starts (red) decreased in April and were down 12.0% year-over-year. The second graph shows single and multi-family housing starts since 1968. This shows the huge collapse following the housing bubble, and then the eventual recovery. Total housing starts in April were at expectations; and starts in February and March were revised up, combined. I'll have more later …
From the Census Bureau: Permits, Starts and Completions
Click on graph for larger image.
The first graph shows single and multi-family housing starts since 2000.
Multi-family starts (blue, 2+ units) increased month-over-month in April. Multi-family starts were up sharply year-over-year.
Single-family starts (red) decreased in April and were down 12.0% year-over-year.
The second graph shows single and multi-family housing starts since 1968.
This shows the huge collapse following the housing bubble, and then the eventual recovery.
Total housing starts in April were at expectations; and starts in February and March were revised up, combined.
I'll have more later …
Housing Starts:
Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,361,000. This is 1.6 percent above the revised March estimate of 1,339,000, but is 1.7 percent below the April 2024 rate of 1,385,000. Single-family housing starts in April were at a rate of 927,000; this is 2.1 percent below the revised March figure of 947,000. The April rate for units in buildings with five units or more was 420,000.
Building Permits:
Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,412,000. This is 4.7 percent below the revised March rate of 1,481,000 and is 3.2 percent below the April 2024 rate of 1,459,000. Single family authorizations in April were at a rate of 922,000; this is 5.1 percent below the revised March figure of 972,000. Authorizations of units in buildings with five units or more were at a rate of 431,000 in April.
emphasis added
Click on graph for larger image.The first graph shows single and multi-family housing starts since 2000.
Multi-family starts (blue, 2+ units) increased month-over-month in April. Multi-family starts were up sharply year-over-year.
Single-family starts (red) decreased in April and were down 12.0% year-over-year.
The second graph shows single and multi-family housing starts since 1968. This shows the huge collapse following the housing bubble, and then the eventual recovery.
Total housing starts in April were at expectations; and starts in February and March were revised up, combined.
I'll have more later …
