Source: US Census Bureau
Housing starts in the United States declined in April, in line with the decline in building permits issued during the month. XHB is down 2.63%, while ITB is down 2.67%.
- Housing starts for the month stood at 1.724 million, 0.2% lower than the 1.728 million recorded in March but 14.6% higher than the 1.505 million in April 2021.
- The latest reading is the second straight month of decline and the lowest reading since the 1.666 million in January.
- Starts for one-unit buildings stood at 1.100 million, while starts for buildings with five units or more were recorded at 612,000.
- The South region accounted for the most starts with 926,000, followed by the West with 432,000, the Midwest with 184,000, and the Northeast with 182,000.
- Permits issued for the month were recorded at 1.819 million, 3.2% lower than the 1.879 million in March but 3.1% higher than the 1.765 million in April 2021.
- Housing completions for the month were 1.295 million, 5.1% lower than the 1.365 million in March and 8.6% lower than the 1.417 million in April 2021.