Housing Starts U.S. Economic Indicators
In April U.S. housing starts soared by 8.4 % on the seasonally adjusted basis to annual rate of 1,235,000 units, an increase of 96,000 units from 1,139,000 in March, reported by the Department of Housing and Urban Development. Construction of new homes in U.S. increased across many sectors including, multi-family housing units, northeast and midwest.
The government cautions that its monthly housing data are volatile and subject to large sampling and other statistical errors. In most months, the government can't be sure whether starts increased or decreased.
Despite recent growth, new construction of homes is still below the average level of 1,083,262 units.
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Building permits have rebounded from decline in previous period, permits grew by 2.1 % or 27,000 units to an annual rate of 1,235,000 units, from 1,139,000 in March on the seasonally adjusted basis Most of growth took place in the West and it was concentrated in multi-dwelling buildings such as apartments.
New permits went up 6.6 % to annual rate of 144,000 units in the West while permits for multi-family units grew 11.5 % accounting for 30.85 % of total permits issued.
Permits give an indication of whether demand for new homes is growing or slowing.Building permits dropped by -4.1 % from April 2018
Construction of new homes in U.S. dropped by -4.0 % from April 2018, as housing starts in the South fell the most, by -12.4 %.
|
| Permits By Region |
- In Northeast
housing units were authorized at seasonally adjusted annual rate of 120,000
units, an
decrease of 2,000
units,
or -1.64 % from 122,000
units March 2019 and an
increase of 30.43 % from 92,000
units April 2018.
- In
Midwest housing units were authorized at seasonally
adjusted annual rate of 188,000
units, an
increase of
3,000
units,
or
1.62 % from 185,000
units March 2019 and an
decrease of
-3.09 % from 194,000
units April 2018.
- In
West housing units were authorized at seasonally adjusted
annual rate of 339,000
units, an
increase of
21,000
units,
or
6.60 % from 318,000
units March 2019 and an
increase of
0.89 % from 336,000
units April 2018.
|
- In
South housing units were authorized at seasonally adjusted annual rate of 649,000
units, an
increase of 5,000
units,
or 0.78 % from 644,000
units March 2019 and an
decrease of -11.10 % from 730,000
units April 2018.
|
New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), units) |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
Jan. 2019
prel. |
Dec. 2018
prel. |
| Total |
|
1,296,000 |
1,269,000 |
1,296,000 |
1,317,000 |
1,326,000 |
| In structures Single-family units |
|
782,000 |
808,000 |
821,000 |
821,000 |
829,000 |
| In structures with 2 - 4 units |
|
47,000 |
36,000 |
36,000 |
44,000 |
37,000 |
| In structures with 5 units or more |
|
467,000 |
425,000 |
439,000 |
452,000 |
460,000 |
| Northeast |
|
120,000 |
122,000 |
137,000 |
135,000 |
110,000 |
| Midwest |
|
188,000 |
185,000 |
188,000 |
186,000 |
145,000 |
| South |
|
649,000 |
644,000 |
683,000 |
657,000 |
688,000 |
| West |
|
339,000 |
318,000 |
288,000 |
339,000 |
383,000 |
New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), in M / M) |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
Jan. 2019
prel. |
Dec. 2018
prel. |
| Total |
2.13 % |
-2.08 % |
-1.59 % |
-0.68 % |
-0.15 % |
| In structures Single-family units |
-3.22 % |
-1.58 % |
0 % |
-0.97 % |
-2.24 % |
| In structures with 2 - 4 units |
30.56 % |
0 % |
-18.18 % |
18.92 % |
-5.13 % |
| In structures with 5 units
or more |
9.88 % |
-3.19 % |
-2.88 % |
-1.74 % |
4.31 % |
| Northeast |
-1.64 % |
-10.95 % |
1.48 % |
22.73 % |
-8.33 % |
| Midwest |
1.62 % |
-1.6 % |
1.08 % |
28.28 % |
-18.08 % |
| South |
0.78 % |
-5.71 % |
3.96 % |
-4.51 % |
-2.82 % |
| West |
6.6 % |
10.42 % |
-15.04 % |
-11.49 % |
18.58 % |
New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), in % Y/Y) |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
Jan. 2019
prel. |
Dec. 2018
prel. |
| Total |
-4.14 % |
-6.28 % |
-0.15 % |
-4.36 % |
1.84 % |
| In structures Single-family units |
-8.96 % |
-3.81 % |
-5.85 % |
-6.39 % |
-5.9 % |
| In structures with 2 - 4 units |
9.3 % |
-12.2 % |
-12.2 % |
-8.33 % |
-5.13 % |
| In structures with 5 units
or more |
3.78 % |
-10.15 % |
14.03 % |
0 % |
20.42 % |
| Northeast |
30.43 % |
-11.59 % |
3.01 % |
14.41 % |
-32.52 % |
| Midwest |
-3.09 % |
-9.76 % |
2.17 % |
4.49 % |
-27.14 % |
| South |
-11.1 % |
1.9 % |
11.24 % |
-6.28 % |
18.83 % |
| West |
0.89 % |
-16.09 % |
-21.53 % |
-10.79 % |
6.09 % |
New Housing Units Started
(Seasonally adj., at Annual Rate, units) |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
Jan. 2019
prel. |
Dec. 2018
prel. |
| Total |
|
1,235,000 |
1,139,000 |
1,162,000 |
1,273,000 |
1,078,000 |
| In structures Single-family units |
|
854,000 |
785,000 |
805,000 |
970,000 |
758,000 |
| In structures with 2 - 4 units |
|
22,000 |
17,000 |
5,000 |
18,000 |
18,000 |
| In structures with 5 units or more |
|
359,000 |
337,000 |
352,000 |
285,000 |
302,000 |
| Northeast |
|
144,000 |
86,000 |
98,000 |
139,000 |
107,000 |
| Midwest |
|
186,000 |
131,000 |
161,000 |
127,000 |
125,000 |
| South |
|
581,000 |
604,000 |
663,000 |
711,000 |
630,000 |
| West |
|
324,000 |
318,000 |
240,000 |
296,000 |
216,000 |
New Housing Units Started
(Seasonally adj. at Annual Rate, units), in Y / Y) |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
Jan. 2019
prel. |
Dec. 2018
prel. |
| Total |
8.43 % |
-1.98 % |
-8.72 % |
18.09 % |
-14.17 % |
| In structures Single-family units |
8.79 % |
-2.48 % |
-17.01 % |
27.97 % |
-8.01 % |
| In structures with 2 - 4 units |
29.41 % |
240 % |
-72.22 % |
0 % |
20 % |
| In structures with 5 units
or more |
6.53 % |
-4.26 % |
23.51 % |
-5.63 % |
-27.58 % |
| Northeast |
67.44 % |
-12.24 % |
-29.5 % |
29.91 % |
-13.71 % |
| Midwest |
41.98 % |
-18.63 % |
26.77 % |
1.6 % |
-19.87 % |
| South |
-3.81 % |
-8.9 % |
-6.75 % |
12.86 % |
-8.3 % |
| West |
1.89 % |
32.5 % |
-18.92 % |
37.04 % |
-25.26 % |
New Housing Units Started
(Seasonally adj. at Annual Rate, in % Y/Y) |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
Jan. 2019
prel. |
Dec. 2018
prel. |
| Total |
-4.04 % |
-13.65 % |
-5.99 % |
-4.21 % |
-9.56 % |
| In structures Single-family units |
-4.47 % |
-9.46 % |
-10.75 % |
10.6 % |
-9.33 % |
| In structures with 2 - 4 units |
15.79 % |
30.77 % |
-70.59 % |
50 % |
350 % |
| In structures with 5 units
or more |
-4.01 % |
-23.23 % |
11.04 % |
-35.23 % |
-14.2 % |
| Northeast |
26.32 % |
-34.85 % |
-10.09 % |
23.01 % |
21.59 % |
| Midwest |
13.41 % |
-27.22 % |
3.87 % |
-11.81 % |
-29.78 % |
| South |
-12.37 % |
-2.74 % |
4.74 % |
4.1 % |
8.25 % |
| West |
-6.36 % |
-17.62 % |
-29.2 % |
-23.91 % |
-37.21 % |
New Housing Units Authorized
(Not seasonally adjusted, units) |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
Jan. 2019
prel. |
Dec. 2018
prel. |
| Total |
|
119,300 |
103,900 |
90,200 |
94,400 |
95,400 |
| In structures Single-family units |
|
75,300 |
68,200 |
57,700 |
58,100 |
53,400 |
| In structures with 2 - 4 units |
|
4,200 |
2,800 |
2,600 |
3,100 |
2,600 |
| In structures with 5 units or more |
|
39,800 |
32,800 |
30,000 |
33,300 |
39,400 |
| Northeast |
|
10,000 |
9,200 |
8,100 |
9,100 |
9,100 |
| Midwest |
|
18,400 |
13,900 |
9,700 |
10,000 |
8,300 |
| South |
|
59,400 |
54,300 |
52,100 |
51,300 |
49,300 |
| West |
|
31,400 |
26,500 |
20,300 |
24,100 |
28,600 |
New Housing Units Authorized
(Not seasonally adjusted, in Y / Y) |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
Jan. 2019
prel. |
Dec. 2018
prel. |
| Total |
14.82 % |
15.19 % |
-4.45 % |
-1.05 % |
-6.19 % |
| In structures Single-family units |
10.41 % |
18.2 % |
-0.69 % |
8.8 % |
-12.32 % |
| In structures with 2 - 4 units |
50 % |
7.69 % |
-16.13 % |
19.23 % |
-16.13 % |
| In structures with 5 units
or more |
21.34 % |
9.33 % |
-9.91 % |
-15.48 % |
4.51 % |
| Northeast |
8.7 % |
13.58 % |
-10.99 % |
0 % |
-7.14 % |
| Midwest |
32.37 % |
43.3 % |
-3 % |
20.48 % |
-40.71 % |
| South |
9.39 % |
4.22 % |
1.56 % |
4.06 % |
-6.45 % |
| West |
18.49 % |
30.54 % |
-15.77 % |
-15.73 % |
13.49 % |
New Housing Units Authorized
(Not seasonally adjusted, in % Y/Y) |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
Jan. 2019
prel. |
Dec. 2018
prel. |
| Total |
0.59 % |
-9.89 % |
-0.33 % |
-2.38 % |
2.36 % |
| In structures Single-family units |
-4.2 % |
-8.82 % |
-5.56 % |
-5.99 % |
-5.49 % |
| In structures with 2 - 4 units |
20 % |
-15.15 % |
-3.7 % |
-3.13 % |
-7.14 % |
| In structures with 5 units
or more |
9.04 % |
-11.83 % |
12.36 % |
5.05 % |
16.22 % |
| Northeast |
33.33 % |
-14.81 % |
9.46 % |
21.33 % |
-30 % |
| Midwest |
2.22 % |
-13.66 % |
2.11 % |
8.7 % |
-29.06 % |
| South |
-7.62 % |
-1.99 % |
10.15 % |
-4.47 % |
18.23 % |
| West |
9.03 % |
-19.7 % |
-23.11 % |
-8.37 % |
6.72 % |
New Housing Units Started
(Not seas. adj. at Annual Rate, units) |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
Jan. 2019
prel. |
Dec. 2018
prel. |
| Total |
|
114,100 |
93,300 |
81,300 |
85,100 |
71,700 |
| In structures Single-family units |
|
81,200 |
65,500 |
55,700 |
63,700 |
49,000 |
| In structures with 2 - 4 units |
|
1,900 |
1,300 |
400 |
1,300 |
1,300 |
| In structures with 5 units or more |
|
31,000 |
26,500 |
25,200 |
20,100 |
21,400 |
| Northeast |
|
12,700 |
6,500 |
6,100 |
8,800 |
7,400 |
| Midwest |
|
17,600 |
9,300 |
8,700 |
6,000 |
7,100 |
| South |
|
53,700 |
51,100 |
49,300 |
50,900 |
42,700 |
| West |
|
30,100 |
26,400 |
17,200 |
19,400 |
14,600 |
New Housing Units Started
(Not seas. adj. at Annual Rate, in Y / Y) |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
Jan. 2019
prel. |
Dec. 2018
prel. |
| Total |
22.29 % |
14.76 % |
-4.47 % |
18.69 % |
-25.23 % |
| In structures Single-family units |
23.97 % |
17.59 % |
-12.56 % |
30 % |
-18.74 % |
| In structures with 2 - 4 units |
46.15 % |
225 % |
-69.23 % |
0 % |
0 % |
| In structures with 5 units
or more |
16.98 % |
5.16 % |
25.37 % |
-6.07 % |
-37.61 % |
| Northeast |
95.38 % |
6.56 % |
-30.68 % |
18.92 % |
-26 % |
| Midwest |
89.25 % |
6.9 % |
45 % |
-15.49 % |
-44.09 % |
| South |
5.09 % |
3.65 % |
-3.14 % |
19.2 % |
-16.93 % |
| West |
14.02 % |
53.49 % |
-11.34 % |
32.88 % |
-33.03 % |
New Housing Units Started
(Not seas. adj. at Annual Rate, in % Y/Y) |
April 2019
prel. |
March 2019
prel. |
Feb. 2019
prel. |
Jan. 2019
prel. |
Dec. 2018
prel. |
| Total |
-2.98 % |
-12.72 % |
-5.36 % |
-5.65 % |
-10.71 % |
| In structures Single-family units |
-3.68 % |
-8.39 % |
-11.16 % |
9.83 % |
-9.76 % |
| In structures with 2 - 4 units |
18.75 % |
18.18 % |
-63.64 % |
44.44 % |
333.33 % |
| In structures with 5 units
or more |
-2.21 % |
-22.74 % |
14.03 % |
-35.78 % |
-16.73 % |
| Northeast |
25.74 % |
-35.64 % |
-6.15 % |
20.55 % |
19.35 % |
| Midwest |
15.03 % |
-27.34 % |
4.82 % |
-16.67 % |
-33.02 % |
| South |
-11.39 % |
-2.29 % |
5.34 % |
2.83 % |
8.1 % |
| West |
-4.75 % |
-16.98 % |
-29.22 % |
-25.95 % |
-38.91 % |
Source U.S. Department of Commerce
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