Building permits in April down 8% and housing starts lower by 11.1% YoY.

The new residential construction statistics for April 2006 were released by the U.S. Census Bureau and the Department of Housing and Urban Development today.

Building Permits

  • Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,984,000. This is 5.4 percent below the revised March rate of 2,097,000 and is 8.0% below the April 2005 estimate of 2,156,000. 

  • Single-family authorizations in April were at a rate of 1,502,000; this is 4.0 percent below the March figure of 1,565,000.

Housing Starts

  • Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,849,000. This is 7.4 percent below the revised March estimate of 1,996,000 and is 11.1 percent below the April 2005 rate of 2,079,000. 

  • Single-family housing starts in April were at a rate of 1,535,000; this is 5.6 percent below the March figure of 1,626,000. 

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