Housing Starts Up 10.5% from 2017

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The U.S. Government is reporting that privately owned housing starts in April were at a seasonally adjusted annual rate of 1,287,000.  This figure is 3.7% below March revised estimate but is 10.5% higher than April, 2017. Single-family housing starts in April were at a rate of 894k, which is 0.1% higher than March’s revised figure of 893k. The April rate for units in buildings with five units or more was 374k.  Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,352,000. This is figure is 1.8% belowMarch’s revised rate but is 7.7% higher than the April, 2017.  Single-family authorizations in April were at a rate of 859k, which is 0.9% higher than March’s revised number.  Authorizations of units in buildings with five units or more were at a rate of 450k in April.

Click here to read the full report at Census.gov.

 

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Director of Education & Outreach, National Real Estate Investors Association

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