Construction Indicators Fall

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Posted To: MND NewsWire

All three residential construction measures for April were lower than those in March. The Census Bureau and the Department of Housing and Urban Development said housing permits, starts, and completions were all down on a month over month basis and only housing starts remained higher than their April 2016 level. US APRIL HOUSING STARTS -2.6 PCT VS MARCH -6.6 PCT (PREV -6.8 PCT) US APRIL HOUSING STARTS 1.172 MLN UNIT RATE (CONSENSUS 1.260 MLN), VS MARCH 1.203 MLN UNITS (PREV 1.215 MLN UNITS) US APRIL SINGLE-FAMILY STARTS +0.4 PCT TO 835,000 UNIT RATE; MULTIFAMILY -9.2 PCT TO 337,000 UNIT RATE US APRIL HOUSING PERMITS 1.229 MLN UNIT RATE (CONSENSUS 1.270 MLN) VS MARCH 1.260 MLN UNIT RATE (PREV 1.267 MLN UNITS) US APRIL SINGLE-FAMILY PERMITS -4.5 PCT TO 789,000 UNIT RATE; MULTIFAMILY +1.4 PCT TO…(read more)

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