Tuesday, May 17, 2016

New Residential Construction Report: April 2016

Today’s New Residential Construction Report showed improvement with total permit activity rising 3.6% since March while total starts declined a notable 6.6% over the same period.

Single family housing permits, the most leading of indicators, rose 1.5% from March to 736K single family units (SAAR), rising 8.4% above the level seen a year earlier and still remained well below levels seen at the peak in September 2005.

Single family housing starts rose 3.3% from March to 778K units (SAAR) rising 4.3% above the level seen a year earlier but still remained well below the levels seen at the peak in September 2005.


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