Housing Starts Up 1.9%

The U.S. Government is reporting that privately owned housing starts in March were at a seasonally adjusted annual rate of 1,354,000, which is 1.9% higher than February’s revised estimate and 10.9% higher than March, 2017.  Single-family housing starts in March were at a rate of 867k, which is 3.7% below February’s number. The March rate for units in buildings with five units or more was 439k.  Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,354,000. This is 2.5% higher than February and is 7.5% higher than March, 2017. Single-family authorizations in March were at a rate of 840k, which is 5.5% below February’s figure.  Authorizations of units in buildings with five units or more were at a rate of 473k in March.

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