Housing numbers mixed in April
May 16, 2012
Housing starts rose in April from March, but permits for future residential construction were down sharply, according to the latest figures from the U.S. Census Bureau and the Department of Housing and Urban Development.
Privately-owned housing starts in April were at a seasonally adjusted annual rate of 717,000 — 2.6% above the revised March estimate and 29.9% above the April 2011 rate. Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 715,000 — 7% below the revised March rate but 23.7% above April 2011.
Permits were flat in the Northeast but down in other regions — especially the Midwest and West. Housing starts were up in the Midwest and South but down in the Northeast and West.
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