House construction is up in April

May 28, 2019 1:56 pm

House construction is up in April, the latest figures show.

United States annual private housing starts rose 5.7% to a seasonally adjusted 1.235 million. However, this is 2.5% below the April 2018 rate of 1,267,000.

So says U.S. Census Bureau and the U.S. Department of Housing and Urban Development data. The rise was led by single-family home increases.

Single‐family housing starts in April totalled 854,000, which is 6.2% above the revised March figure of 804,000. Building of apartments and condominiums with five units or more rose 2.3% to 359,000 and was up 1.4% from April 2018.

There were 1,296,000 Building Permits, a rise of 0.6% on the revised March rate of 1,288,000, but 5% below the April 2018 rate of 1,364,000. They are an indicator of future activity.  Single‐family authorizations in April reached 782,000, which is 4.2% below the revised March figure of 816,000.  Authorizations of units in buildings with five units or totalled 467,000.

Housing Completions reached 1,312,000. This is 1.4% below the revised March estimate of 1,331,000, but is up 5.5% on a year earlier.  There were 918,000 single‐family housing completions in April, 4.1% below the revised March rate of 957,000. The April rate for units in buildings with five units or more was 381,000.

Privately‐owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,296,000.

Source: https://www.census.gov/construction/nrc/pdf/newresconst.pd