Housing Starts Soar 13.2 percent in April
Building permits climb 8 percent over March.
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for April 2014:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,080,000. This is 8.0 percent (±0.7%) above the revised March rate of 1,000,000 and is 3.8 percent (±0.9%) above the April 2013 estimate of 1,040,000.
Single-family authorizations in April were at a rate of 602,000; this is 0.3 percent (±0.8%)* above the revised March figure of 600,000. Authorizations of units in buildings with five units or more were at a rate of 453,000 in April.
HOUSING STARTS
Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,072,000. This is 13.2 percent (±13.6%)* above the revised March estimate of 947,000 and is 26.4 percent (±11.8%) above the April 2013 rate of 848,000.
Single-family housing starts in April were at a rate of 649,000; this is 0.8 percent (±10.8%)* above the revised March figure of 644,000. The April rate for units in buildings with five units or more was 413,000.
HOUSING COMPLETIONS
Privately-owned housing completions in April were at a seasonally adjusted annual rate of 847,000. This is 3.9 percent (±10.1%)* below the revised March estimate of 881,000, but is 21.2 percent (±13.6%) above the April 2013 rate of 699,000.
Single-family housing completions in April were at a rate of 602,000; this is 2.4 percent (±10.3%)* below the revised March rate of 617,000. The April rate for units in buildings with five units or more was 242,000.
CONTRACTOR SUPPLY MAGAZINE
The April/May 2024 issue of Contractor Supply magazine is here!
This digital edition is sponsored by BECK AMERICA Inc.
Our cover story, Masters of Fasteners, visits Interstate Screw Corp. of metro Miami, which serves the fastening needs of south Florida, the Caribbean and Central and South America.
Also in this issue,our Industry Updates cover Adhesives, Tapes and Sealants, Anchoring Systems and Safety and PPE.
This digital edition is fully searchable and contains live links to every advertiser and new product listing. Click away!
