Multifamily Starts Rise 36 Percent but Single Family Numbers Fall Further
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Housing Starts and Building Permits for April 2008 |
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DATE |
CURRENT |
LAST |
% Change |
Download Starts and Permits |
|
Starts |
5/16/2008 |
|
|
954Th |
+ 8.2% |
|
|
Permits |
|
|
|
932Th |
+ 4.9% |
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Total housing starts rose 8.2 percent in April to a seasonally adjusted annual rate of 1.032 million as construction of multifamily units jumped 36 percent following a 35 percent drop in the previous month. However, construction of new single-family units fell 2 percent in April to 692,000 pace, their lowest level in 17 years. Both single and multifamily permits advanced in April.
Read additional information and download data (Excel) for Housing Starts & Permits.
NAHB related press release:
"Builder Confidence Edges Downward In May " (05/15)
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