US residential building permits, housing starts, and housing completions decline in April

Tuesday, 16 May 2017 00:15:48 (GMT+3)   |   San Diego
       

The US Census Bureau and the US Department of Housing and Urban Development jointly announced that 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 (±1.1 percent) below the revised March rate of 1,260,000, but is 5.7 percent (±1.4 percent) above the April 2016 rate of 1,163,000. Single-family authorizations in April were at a rate of 789,000; this is 4.5 percent (±0.8 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 starts in April were at a seasonally adjusted annual rate of 1,172,000.  This is 2.6 percent (±8.8 percent) below the revised March estimate of 1,203,000, but is 0.7 percent (±7.0 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 (±8.6 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 completions in April were at a seasonally adjusted annual rate of 1,106,000.  This is 8.6 percent (±10.8 percent) below the revised March estimate of 1,210,000, but is 15.1 percent (±12.2 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 (±10.6 percent) below the revised March rate of 821,000. The April rate for units in buildings with five units or more was 299,000.

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