The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for April 2022: Building Permits – Privately‐owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,819,000. This is 3.2 percent below the revised March rate of 1,879,000, but is 3.1 percent above the April 2021 rate of 1,765,000. Single‐family authorizations in April were at a rate of 1,110,000; this is 4.6 percent below the revised March figure of 1,163,000. Authorizations of units in buildings with five units or more were at a rate of 656,000 in April. Housing Starts – Privately‐owned housing starts in April were at a seasonally adjusted annual rate of 1,724,000. This is 0.2 percent (±8.7 percent)* below the revised March estimate of 1,728,000, but is 14.6 percent (±14.2 percent) above the April 2021 rate of 1,505,000. Single‐family housing starts in April were at a rate of 1,100,000; this is 7.3 percent (±7.7 percent)* below the revised March figure of 1,187,000. The April rate for units in buildings with five units or more was 612,000. Housing Completions – Privately‐owned housing completions in April were at a seasonally adjusted annual rate of 1,295,000. This is 5.1 percent (±11.5 percent)* below the revised March estimate of 1,365,000 and is 8.6 percent (±7.5 percent) below the April 2021 rate of 1,417,000. Single‐family housing completions in April were at a rate of 1,001,000; this is 4.9 percent (±14.1 percent)* below the revised March rate of 1,053,000. The April rate for units in buildings with five units or more was 281,000.
Housing Starts and Permitting (05-18-22)
- Economic Monthly Summaries, Housing Starts and Permitting
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