In another sign that some indicators are revealing that the economy is continuing an upward trajectory, housing starts increased 5.8% in April, following a 1.6% rise in March, according to a report issued today by the Commerce Department and the Department of Housing and Urban Development.
April's housing starts were at a seasonally adjusted annual rate of 672,000, compared to the revised estimate of 635,000 in March. Last month's figures were 40.9% higher than those of April 2009.
Single-family housing starts rose 10.2% to a seasonally adjusted annual rate of 538,000. Single-family housing completions increased 14.6% to 564,000.
Building permits for privately-owned housing fell 11.5% from March's level to a seasonally adjusted annual rate of 606,000. That is a 15.9% increase from April 2009.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
