April Housing Starts Slid 9.5% from March but Rose 67.3% YOY
Washington, DC, May 18, 2021-Privately‐owned housing starts in April were at a seasonally adjusted annual rate of 1,569,000, 9.5% below the revised March estimate of 1,733,000 but 67.3% above the April 2020 rate of 938,000, according to the U.S. Census Bureau.
Single‐family housing starts in April were at a rate of 1,087,000; this is 13.4% below the revised March figure of 1,255,000. The April rate for units in buildings with five units or more was 470,000.
Privately‐owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,760,000. This is 0.3% above the revised March rate of 1,755,000 and is 60.9% above the April 2020 rate of 1,094,000. Single‐family authorizations in April were at a rate of 1,149,000; this is 3.8% below the revised March figure of 1,194,000. Authorizations of units in buildings with five units or more were at a rate of 559,000 in April.
Privately‐owned housing completions in April were at a seasonally adjusted annual rate of 1,449,000. This is 4.4% below the revised March estimate of 1,515,000, but is 21.7% above the April 2020 rate of 1,191,000. Single‐family housing completions in April were at a rate of 1,045,000; this is 0.1% above the revised March rate of 1,044,000. The April rate for units in buildings with five units or more was 401,000.
Related Topics:U.S. Census Bureau