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Residential Building Permits Up 60.9% Year-Over-Year in April

Mike Robuck
posted on May 19, 2021

Privately owned housing units authorized by building permits  in April were at a seasonally adjusted annual rate of 1,76,000, which was 0.3% above the March rate of 1,755,000 and 60.9% above the revised rate from April 2020, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Single-family housing authorizations in April were at a rate of 1,149,00, which was 3.8% below the March figure of 1,940,000. Authorizations of units in buildings with five units or more was 559,000 in April.

Privately owned housing starts in April were at a seasonally adjusted annual rate of 1,569,000. This is 67.3% above the April 2020 rate of 938,000 but 9.5% below the revised March estimate of 1,733,000. Single-family housing starts in April were at a rate of 1,087,000; this is 13.4% below the revised March figure of 1,255,000. The April rate for units in buildings with five units or more was 470,000.

Privately owned housing completions in April were at a seasonally adjusted annual rate of 1,449,000. This is 21.7% above the April 2020 rate of 1,191,000 but 4.4% below the revised March  estimate of 1,515,000. Single-family housing completions in April were at a rate of 1,045,000; this is 0.1% above the revised March rate of 1,044,00. The April rate for units in buildings with five units or more was 401,000.

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