The U.S. government is reporting that privately‐owned housing starts in April were at a seasonally adjusted annual rate of 1,235,000. This figure is 5.7% above March’s revised estimate but is 2.5% lower than April, 2018. Single‐family housing starts in April were at a rate of 854k, which is 6.2% higher than March. The April rate for units in buildings with five units or more was 359k. Privately‐owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,296,000. This figure is 0.6% higher than March’s revised rate but is 5% below the April’s number. Single‐family authorizations in April were at a rate of 782k, which was 4.2% below March. Authorizations of units in buildings with five units or more were at a rate of 467k in April.
Click here to read the full report at Census.gov.
