Housing Economics - 04/16/2009 (Plain Text Version)

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In this issue:
Housing Starts Decrease in March
Registration Open for Spring Construction Forecast Conference
National Outlook
Housing Market Statistics At-A-Glance

Housing Starts Decrease in March

Housing Starts decreased nearly 11% in March to an annual rate of 510,000. The decline followed a hefty increase in the previous month. The March decline was attributable to a 29% drop in multifamily starts while single family production held firm at 358,000, seasonally adjusted. Permits fell 9% in March to a seasonally adjusted $513,000, a record low as both single-family and multifamily production declined from their February levels.

Housing Starts and Building Permits for March 2009

DATE

CURRENT

LAST

% Change

Download Starts and Permits

Starts

04/16/2009

510Th

572Th

-10.8%

Permits

04/16/2009

513Th

564Th

-9.0%

Housing Starts decreased nearly 11% in March to an annual rate of 510,000. The decline followed a hefty increase in the previous month. The March decline was attributable to a 29% drop in multifamily starts while single family production held firm at 358,000, seasonally adjusted.

Permits fell 9% in March to a seasonally adjusted $513,000, a record low as both single-family and multifamily production declined from their February levels.

Download data for Housing Starts & Permits.