Housing Starts Up In April

Posted by Orb Staff on May 16, 2012 No Comments
Categories : Residential Mortgage

11572_homebuilder5 Housing Starts Up In April Privately owned housing starts in April were at a seasonally adjusted annual rate of 717,000. This is 2.6% above the revised March estimate of 699,000 and 29.9% above the revised April 2011 rate of 552,000, according to new data released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Single-family housing starts in April were at a rate of 492,000; this is 2.3% above the revised March figure of 481,000. The April rate for units in buildings with five units or more was 217,000.

Privately owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 715,000. This is 7% below the revised March rate of 769,000, but is 23.7% above the revised April 2011 estimate of 578,000. Single-family authorizations in April were at a rate of 475,000; this is 1.9% above the revised March figure of 466,000. Authorizations of units in buildings with five units or more were at a rate of 217,000 in April.

Privately owned housing completions in April were at a seasonally adjusted annual rate of 651,000. This is 10% above the revised March estimate of 592,000 and is 20.1% above the revised April 2011 rate of 542,000.

Single-family housing completions in April were at a rate of 489,000; this is 11.4% above the revised March figure of 439,000. The April rate for units in buildings with five units or more was 158,000.

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