The U.S. Census Bureau and the Department of Housing and Urban Development have recently announced new residential construction statistics for April 2015. According to the data, building permits for privately-owned housing units in April were at a seasonally adjusted annual rate of 1,143,000, up 10.1 percent from the revised March rate of 1,038,000. Compared to last year, the rate was up 6.4 percent from the April 2014 rate of 1,074,000. Building permits for single-family housing in April were estimated at 666,000, up 3.7 percent from the revised March rate of 642,000. Building permits for units in buildings with five units or more in April were at a rate of 444,000.
In April, privately-owned housing starts were at an adjusted rate of 1,135,000, up 20.2 percent from March’s revised estimate of 944,000 and up 9.2 percent from the April 2014 rate of 1,039,000. Single-family housing starts were at a rate of 733,000 in April, up 16.7 percent from the revised March rate of 628,000. For units in buildings with five units or more, the April rate was 389,000.
As for housing completions, the April rate for privately-owned housing was at a seasonally adjusted annual estimate of 986,000, up 20.4 percent from March’s revised rate of 819,000 and up 19.4 percent from the April 2014 estimate of 826,000. Single-family housing completions were at a rate of 688,000 for April, putting it 14.5 percent above March’s revised rate of 601,000. The housing completion rate for units in buildings with five units or more was at 288,000 in April.
For more information, click here to read the full U.S. Census Bureau/U.S. Department of Housing & Urban Development Press Release for April 2015.