United States building permits slumped to an annual rate of 1.074 million in April

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Sergey Golubev
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Sergey Golubev  

United States building permits slumped to an annual rate of 1.074 million in April

The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for April new residential building permits. The latest reading of 1.074M was a decrease from 1.356M in March and above the Investing.com forecast of 1.000M.


Here is the opening of this monthly report:

Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,074,000. This is 20.8 percent (±0.9 percent) below the revised March rate of 1,356,000 and is 19.2 percent (±0.9 percent) below the April 2019 rate of 1,330,000.Single-family authorizations in April were at a rate of 669,000; this is 24.3 percent (±1.6 percent) below the revised March figure of 884,000. Authorizations of units in buildings with five units or more were at a rate of 373,000 in April.

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