Housing starts in April increased to a seasonally adjusted annual rate of 1.360 million, according to the U.S. Department of Commerce. This is 5.7% above the revised March estimate of 1.287 million, but is 0.6% below the April 2023 rate of 1.368 million. Single-family housing starts fell to a rate of 1.031 million, 0.4% below the revised March figure of 1.035 million.
New building permits decreased to a seasonally adjusted annual rate of 1.440 million, 3.0% below the revised March estimate of 1.485 million and 2.0% below the April 2023 rate of 1.470 million. Single-family authorizations decreased 0.8% to a rate of 0.976 million from the revised March figure of 0.984 million.
Housing completions were at a seasonally adjusted annual rate of 1.623 million, 8.6% above the revised March estimate of 1.495 million and 14.6% above the April 2023 rate of 1.416 million.
Read the Census release.
