Housing Completions See Bump in April

 

Single-family housing completions in April were at a rate of 564,000; this is 14.6 percent above the revised March figure of 492,000. The April rate for units in buildings with five units or more was 192,000.

Privately-owned housing completions in April were at a seasonally adjusted annual rate of 769,000. This is 19.2 percent above the revised March estimate of 645,000, but is 8.7 percent below the revised April 2009 rate of 842,000.

For the year to date the country saw a total decline of privately owned housing units completed of 16 percent, with a decline of 9.7 percent for single units, 4.7 percent for 2 to 4 units and 29.3 percent for 5 or more units.

The South was the region that fared the best in the country with declines of 13 percent total and 7 percent for single units. The Midwest fared the worst at 23.1 percent total and 22.2 percent single unit declines.

– Courtesy of US Census Bureau