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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