Housing Starts and Building Permits Up in April

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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 1,235,000.  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.

 

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Director of Education & Outreach, National Real Estate Investors Association

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