The U.S. government is reporting that privately‐owned housing starts in March were at a seasonally adjusted annual rate of 1,216,000, which is 22.3% below February’s revised number. However, it was still 1.4% higher than one year ago. March’s rate for units in buildings with five units or more was 347k. Privately‐owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,353,000, which was 6.8% below February’s revised number, However it was 5% higher than one year ago. Authorizations of units in buildings with five units or more were at a rate of 423,000 in February.
“Due to recent events surrounding COVID‐19, many governments and businesses are operating on a limited capacity or have ceased operations completely. The Census Bureau has monitored response and data quality and determined estimates in this release meet publication standards.”
Click here to read the full report at the U.S. Census Bureau.
