Housing Starts Up 29.9% in April Year-Over-Year - Modern Distribution Management

Housing Starts Up 29.9% in April Year-Over-Year

Building permits also up in double digits in April.

Privately owned housing starts in April were at a seasonally adjusted annual rate of 717,000, 2.6 percent above March and 29.9 percent above April 2011, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

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Single-family housing starts in April were at a rate of 492,000, 2.3 percent 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, 7 percent below March, but 23.7 percent above April 2011.

Single-family authorizations in April were at a rate of 475,000; this is 1.9 percent above March.

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 percent above March and is 20.1 percent above April 2011.

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

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