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In April 2022 housing starts fell by -3.8 %

Housing Starts U.S. Economic Indicators

Modified 1969-12-31T19:00:00-05:00
Goran Soko / CSIMarket.com Contributer

The construction of new homes, as well as the issuance of new building permits declined in April 2022, following gain in previous period.
U.S. housing starts faded in April 2022 by -3.8 % on the seasonally adjusted basis to annual rate of 1,724,000 units, a decrease of 69,000 units from 1,793,000 in March 2022, reported by the U.S. Department of Housing and Urban Development. The construction of single-family fell by -8.3% to annual rate of 1,100,000 units. The increase in rental demand led to higher construction of apartments, accounting for 36.19 % of total housing starts.

A healthier housing market, however, would give a big boost to the economy.

In construction of housing units was bellow average rate of 1,319,429 housing starts.



Housing Starts

  M/M Y/Y
  Northeast -37.88% 5.81 %
  Midwest -20.69% -4.66%
  South 11.03% 15.17 %
  West -0.46% 8.00 %
  Single-family -8.33% 1.20 %
  2 - 4 units -36.84% 0.00 %
  5 or more units 6.62% 30.21 %


Permits fell by -2.9 % or 54,000 units to an annual rate of 1,724,000 units, from 1,793,000 in March 2022 on the seasonally adjusted basis Most of April 2022´s decline in building permits took place in the Northeast and it was concentrated in single-family buildings.

Building permits fell -14.2 % in the Northeast while the permits for single-family houses deteriorated -3.2 % to 1,100,000 units.

The single-family permits are considered to be the most important number in the government's release. Over the last year, monthly building permits soared by 3.4 %

From April 2021, housing starts jumped by 9.9 %, led by construction of homes in the South by 15.2 %, this is the main reason why some economists are optimistic about the housing market, despite the recent slowdown.


Permits By Region
  • In Northeast housing units were authorized at seasonally adjusted annual rate of 163,000 units, an decrease of 27,000 units, or -14.21 % from 190,000 units March 2022 and an decrease of -2.98 % from 168,000 units April 2021.


  • In Midwest housing units were authorized at seasonally adjusted annual rate of 251,000 units, an decrease of 7,000 units, or -2.71 % from 258,000 units March 2022 and an increase of 10.09 % from 228,000 units April 2021.


  • In West housing units were authorized at seasonally adjusted annual rate of 423,000 units, an decrease of 43,000 units, or -9.23 % from 466,000 units March 2022 and an increase of 0.48 % from 421,000 units April 2021.
  • In South housing units were authorized at seasonally adjusted annual rate of 982,000 units, an increase of 23,000 units, or 2.40 % from 959,000 units March 2022 and an increase of 4.14 % from 943,000 units April 2021.

New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), units)
April 2022

prel.
March 2022

prel.
Feb. 2022

prel.
Jan. 2022

prel.
Dec. 2021

prel.
Total
1,819,000 1,873,000 1,859,000 1,895,000 1,873,000
In structures Single-family units
1,110,000 1,147,000 1,207,000 1,213,000 1,128,000
In structures with 2 - 4 units
53,000 54,000 55,000 57,000 70,000
In structures with 5 units or more
656,000 672,000 597,000 625,000 675,000
Northeast
163,000 190,000 173,000 141,000 303,000
Midwest
251,000 258,000 252,000 275,000 267,000
South
982,000 959,000 954,000 1,009,000 899,000
West
423,000 466,000 480,000 470,000 404,000



New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), in M / M)
April 2022
prel.
March 2022
prel.
Feb. 2022
prel.
Jan. 2022
prel.
Dec. 2021
prel.
Total -2.88 % 0.75 % -1.9 % 1.17 % 9.4 %
In structures Single-family units -3.23 % -4.97 % -0.49 % 7.54 % 2.27 %
In structures with 2 - 4 units -1.85 % -1.82 % -3.51 % -18.57 % 42.86 %
In structures with 5 units or more -2.38 % 12.56 % -4.48 % -7.41 % 20.54 %
Northeast -14.21 % 9.83 % 22.7 % -53.47 % 108.97 %
Midwest -2.71 % 2.38 % -8.36 % 3 % 24.19 %
South 2.4 % 0.52 % -5.45 % 12.24 % -0.22 %
West -9.23 % -2.92 % 2.13 % 16.34 % -10.42 %



New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), in % Y/Y)
April 2022
prel.
March 2022
prel.
Feb. 2022
prel.
Jan. 2022
prel.
Dec. 2021
prel.
Total 3.35 % 6.72 % 10.52 % 0.48 % 9.6 %
In structures Single-family units -3.39 % -3.94 % 5.6 % -4.49 % -7.99 %
In structures with 2 - 4 units 1.92 % -6.9 % 25 % 1.79 % 52.17 %
In structures with 5 units or more 17.35 % 33.6 % 20.61 % 11.61 % 54.46 %
Northeast -2.98 % 22.58 % -0.57 % -26.94 % 114.89 %
Midwest 10.09 % 1.98 % 1.2 % 11.79 % 6.37 %
South 4.14 % 5.62 % 14.53 % 4.34 % 2.28 %
West 0.48 % 6.15 % 12.68 % -2.08 % -7.76 %



New Housing Units Started
(Seasonally adj., at Annual Rate, units)
April 2022

prel.
March 2022

prel.
Feb. 2022

prel.
Jan. 2022

prel.
Dec. 2021

prel.
Total
1,724,000 1,793,000 1,769,000 1,657,000 1,702,000
In structures Single-family units
1,100,000 1,200,000 1,215,000 1,150,000 1,172,000
In structures with 2 - 4 units
12,000 19,000 53,000 10,000 6,000
In structures with 5 units or more
612,000 574,000 501,000 497,000 524,000
Northeast
182,000 293,000 130,000 101,000 137,000
Midwest
184,000 232,000 226,000 196,000 288,000
South
926,000 834,000 1,017,000 913,000 915,000
West
432,000 434,000 396,000 447,000 362,000



New Housing Units Started
(Seasonally adj. at Annual Rate, units), in Y / Y)
April 2022
prel.
March 2022
prel.
Feb. 2022
prel.
Jan. 2022
prel.
Dec. 2021
prel.
Total -3.85 % 1.36 % 6.76 % -2.64 % 1.37 %
In structures Single-family units -8.33 % -1.23 % 5.65 % -1.88 % -0.09 %
In structures with 2 - 4 units -36.84 % -64.15 % 430 % 66.67 % -60 %
In structures with 5 units or more 6.62 % 14.57 % 0.8 % -5.15 % 6.72 %
Northeast -37.88 % 125.38 % 28.71 % -26.28 % 5.38 %
Midwest -20.69 % 2.65 % 15.31 % -31.94 % 41.18 %
South 11.03 % -17.99 % 11.39 % -0.22 % -1.93 %
West -0.46 % 9.6 % -11.41 % 23.48 % -12.14 %



New Housing Units Started
(Seasonally adj. at Annual Rate, in % Y/Y)
April 2022
prel.
March 2022
prel.
Feb. 2022
prel.
Jan. 2022
prel.
Dec. 2021
prel.
Total 9.88 % 3.46 % 24.49 % 4.61 % 1.98 %
In structures Single-family units 1.2 % -4.38 % 16.83 % 1.23 % -12.41 %
In structures with 2 - 4 units 0 % -26.92 % 488.89 % -23.08 % -68.42 %
In structures with 5 units or more 30.21 % 26.99 % 34.68 % 14.25 % 67.95 %
Northeast 5.81 % 80.86 % 10.17 % -48.21 % 28.04 %
Midwest -4.66 % -21.62 % 63.77 % -7.55 % 14.74 %
South 15.17 % -8.15 % 40.28 % 13.7 % 6.64 %
West 8 % 18.26 % -10 % 19.52 % -20.09 %



New Housing Units Authorized
(Not seasonally adjusted, units)
April 2022

prel.
March 2022

prel.
Feb. 2022

prel.
Jan. 2022

prel.
Dec. 2021

prel.
Total
156,300 169,400 131,000 132,300 152,000
In structures Single-family units
98,300 107,100 87,200 83,400 81,300
In structures with 2 - 4 units
4,500 4,800 3,800 3,800 5,400
In structures with 5 units or more
53,400 57,400 39,900 45,100 65,200
Northeast
12,800 16,700 11,500 10,300 25,800
Midwest
23,300 21,600 13,400 14,500 18,200
South
83,900 89,000 72,000 75,600 71,600
West
36,200 42,100 34,000 31,900 36,400



New Housing Units Authorized
(Not seasonally adjusted, in Y / Y)
April 2022
prel.
March 2022
prel.
Feb. 2022
prel.
Jan. 2022
prel.
Dec. 2021
prel.
Total -7.73 % 29.31 % -0.98 % -12.96 % 15.68 %
In structures Single-family units -8.22 % 22.82 % 4.56 % 2.58 % 1.5 %
In structures with 2 - 4 units -6.25 % 26.32 % 0 % -29.63 % 35 %
In structures with 5 units or more -6.97 % 43.86 % -11.53 % -30.83 % 38.14 %
Northeast -23.35 % 45.22 % 11.65 % -60.08 % 104.76 %
Midwest 7.87 % 61.19 % -7.59 % -20.33 % 6.43 %
South -5.73 % 23.61 % -4.76 % 5.59 % 6.87 %
West -14.01 % 23.82 % 6.58 % -12.36 % 4.6 %


New Housing Units Authorized
(Not seasonally adjusted, in % Y/Y)
April 2022
prel.
March 2022
prel.
Feb. 2022
prel.
Jan. 2022
prel.
Dec. 2021
prel.
Total -2.68 % 7.49 % 11.77 % 2.72 % 13.35 %
In structures Single-family units -9.07 % -3.34 % 7.79 % -0.6 % -8.45 %
In structures with 2 - 4 units 0 % -7.69 % 22.58 % 5.56 % 50 %
In structures with 5 units or more 11.25 % 38.31 % 20.18 % 9.2 % 56.35 %
Northeast -5.88 % 28.46 % 6.48 % -23.13 % 103.15 %
Midwest 4.02 % 2.86 % 0 % 15.08 % 13.04 %
South -1.87 % 4.95 % 14.29 % 7.39 % 7.35 %
West -7.18 % 8.51 % 13.33 % -1.54 % -5.45 %







New Housing Units Started
(Not seas. adj. at Annual Rate, units)
April 2022

prel.
March 2022

prel.
Feb. 2022

prel.
Jan. 2022

prel.
Dec. 2021

prel.
Total
154,600 147,400 124,600 119,200 120,300
In structures Single-family units
100,900 99,100 83,600 80,100 81,000
In structures with 2 - 4 units
1,100 1,600 4,000 800 400
In structures with 5 units or more
52,600 46,700 37,000 38,300 38,900
Northeast
16,000 23,600 7,700 7,100 9,800
Midwest
16,400 16,900 12,600 11,000 18,900
South
82,400 70,400 75,700 68,400 66,700
West
39,800 36,500 28,500 32,700 24,900






New Housing Units Started
(Not seas. adj. at Annual Rate, in Y / Y)
April 2022
prel.
March 2022
prel.
Feb. 2022
prel.
Jan. 2022
prel.
Dec. 2021
prel.
Total 4.88 % 18.3 % 4.53 % -0.91 % -7.03 %
In structures Single-family units 1.82 % 18.54 % 4.37 % -1.11 % -7.22 %
In structures with 2 - 4 units -31.25 % -60 % 400 % 100 % -66.67 %
In structures with 5 units or more 12.63 % 26.22 % -3.39 % -1.54 % -4.89 %
Northeast -32.2 % 206.49 % 8.45 % -27.55 % -7.55 %
Midwest -2.96 % 34.13 % 14.55 % -41.8 % 16.67 %
South 17.05 % -7 % 10.67 % 2.55 % -5.92 %
West 9.04 % 28.07 % -12.84 % 31.33 % -21.45 %







New Housing Units Started
(Not seas. adj. at Annual Rate, in % Y/Y)
April 2022
prel.
March 2022
prel.
Feb. 2022
prel.
Jan. 2022
prel.
Dec. 2021
prel.
Total 9.72 % 4.24 % 23.73 % 7.39 % 6.18 %
In structures Single-family units 1.1 % -3.6 % 15.79 % 3.89 % -9.29 %
In structures with 2 - 4 units 10 % -23.81 % 471.43 % -11.11 % -71.43 %
In structures with 5 units or more 31.17 % 27.95 % 33.09 % 16.06 % 72.12 %
Northeast 5.96 % 85.83 % 8.45 % -48.55 % 32.43 %
Midwest -5.2 % -19.52 % 77.46 % -4.35 % 27.7 %
South 13.97 % -8.21 % 38.14 % 14.96 % 10.07 %
West 9.94 % 18.12 % -10.09 % 24.33 % -18.63 %

Source U.S. Department of Commerce
       
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