Residential housing starts kick up 20.2 percent in April
Single-family starts rise 16.7 percent.
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for April 2015:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,143,000. This is 10.1 percent (±2.2%) above the revised March rate of 1,038,000 and is 6.4 percent (±2.1%) above the April 2014 estimate of 1,074,000.
Single-family authorizations in April were at a rate of 666,000; this is 3.7 percent (±0.9%) above the revised March figure of 642,000. Authorizations of units in buildings with five units or more were at a rate of 444,000 in April.
HOUSING STARTS
Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,135,000. This is 20.2 percent (±14.4%) above the revised March estimate of 944,000 and is 9.2 percent (±10.6%)* above the April 2014 rate of 1,039,000.
Single-family housing starts in April were at a rate of 733,000; this is 16.7 percent (±10.6%) above the revised March figure of 628,000. The April rate for units in buildings with five units or more was 389,000.
HOUSING COMPLETIONS
Privately-owned housing completions in April were at a seasonally adjusted annual rate of 986,000. This is 20.4 percent (±14.1%) above the revised March estimate of 819,000 and is 19.4 percent (±15.2%) above the April 2014 rate of 826,000.
Single-family housing completions in April were at a rate of 688,000; this is 14.5 percent (±12.4%) above the revised March rate of 601,000. The April rate for units in buildings with five units or more was 288,000.
CONTRACTOR SUPPLY MAGAZINE
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