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Privately owned housing starts in April were at a seasonally adjusted annual rate of 1,172,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.6 percent below the revised March estimate of 1,203,000 but 0.7 percent above the April 2016 rate of 1,164,000.

Single-family housing starts in April were at a rate of 835,000; this is 0.4 percent above the revised March figure of 832,000. The April rate for units in buildings with five units or more was 328,000.

Privately owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,229,000. This is 2.5 percent below the revised March rate of 1,260,000 but is 5.7 percent

 

From Modern Distribution Management

 

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