Down in the Dumps with Housing Starts

 

Single-family housing starts in April were at a rate of 394,000; this is 5.1 percent (???????(R)???????+???????(R)??????oe???????(R)???????+???????(R)????????10.2 percent)* below the revised March figure of 415,000. The April rate for units in buildings with five units or more was 114,000.

Privately-owned housing starts in April were at a seasonally adjusted annual rate of 523,000. This is 10.6 percent (???????(R)???????+???????(R)??????oe???????(R)???????+???????(R)????????13 percent)* below the revised March estimate of 585,000 and is 23.9 percent (???????(R)???????+???????(R)??????oe???????(R)???????+???????(R)????????7 percent) below the revised April 2010 rate of 687,000. During that time single unit starts decreased 30.4 percent, but 5 or more units increased 5.6 percent.

The West was the region that fared the best with an overall increase of 2.8 percent for starts and a decrease of 22.2 percent for single units. The South fared the worst with an overall decrease of 31.8 percent and down 34.4 percent for single units.

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