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U.S. Homebuilding Posts Modest Growth To Mark Three-Month High In April

May 18, 2021 by Forex Winner Leave a Comment

U.S. Homebuilding Posts Modest Growth To Mark Three-Month High In April

Homebuilding in the United States posted modest monthly gains in April as starts and completions fell from the previous month, according to the Census Bureau.

new residential construction
  • Building permits for housing units stood at 1.760 million in April, 0.3% higher than in March and 60.9% higher than the same month in 2020.
  • The latest reading is the highest since the 1.883 million permits recorded in January.
  • Single-family authorizations fell 3.8% to 1.149 million in April from 1.194 million in March.
  • Housing starts for the month fell 9.5% to 1.569 million from 1.733 million in March, but 67.3% higher than April 2020’s 938,000.
  • Single-family housing starts were at 1.087 million, down 13.4% from March. Starts for buildings with at least five units was 470,000.
  • Completions dropped 4.4% to 1.449 million from March’s 1.515 million, but 21.7% higher than April 2020’s 1.191 million.
  • Single-family housing completions stood at 1.045 million, 0.1% higher than in March. Completions for buildings with five units or more were 401,000.

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