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US Data: New Residential Construction - Summary>

Release for: April 2019
Source: U.S. Commerce Department
Thousands of units, seasonally adjusted
*Calculations by MNI
                                             yr-ago % chg mo/mo:   % chg
                         Apr-19 Mar-19 Feb-19 Apr-18 Apr-19 Mar-19  y/y:
Housing starts             1235   1168   1149   1267    5.7    1.7   -2.5
  (previous)                --    1139   1142    --     --     --     --
  Single-family             854    804    792    892    6.2    1.5   -4.3
    1-fam % of total       69.1   68.8   68.9   70.4    --     --     --
  Total multi-family*       381    364    357    375    4.7    2.0    1.6
    multi-fam % of total   30.9   31.2   31.1   29.6    --     --     --
  Northeast                 144     78     89     97   84.6  -12.4   48.5
  Midwest                   186    131    159    159   42.0  -17.6   17.0
  South                     581    616    650    662   -5.7   -5.2  -12.2
  West                      324    343    251    349   -5.5   36.7   -7.2
Housing starts (unadj)    114.1   95.8   80.0  117.5   19.1   19.8   -2.9
Building permits           1296   1288   1291   1364    0.6   -0.2   -5.0
  Single-family             782    816    817    863   -4.2   -0.1   -9.4
    1-fam % of total       60.3   63.4   63.3   63.3    --     --     --
  Total multi-family*       514    472    474    501    8.9   -0.4    2.6
    multi-fam % of total   39.7   36.6   36.7   36.7    --     --     --
  Northeast                 120    125    135     95   -4.0   -7.4   26.3
  Midwest                   188    184    192    195    2.2   -4.2   -3.6
  South                     649    657    675    727   -1.2   -2.7  -10.7
  West                      339    322    289    347    5.3   11.4   -2.3
Building permits (unadj)  119.3  105.7   89.7  119.9   12.9   17.8   -0.5
Completions                1312   1331   1332   1244   -1.4   -0.1    5.5
  Single-family             918    957    839    787   -4.1   14.1   16.6
    1-fam % of total       70.0   71.9   63.0   63.3    --     --     --
  Total multi-family*       394    374    493    457    5.3  -24.1  -13.8
    multi-fam % of total   30.0   28.1   37.0   36.7    --     --     --
Completions (unadj)       100.8  103.0   92.1   94.7   -2.1   11.8    6.4
Homes Not Started           194    189    190    163    2.6   -0.5   19.0
Homes Under Construction   1121   1131   1150   1125   -0.9   -1.7   -0.4
  ** MNI Washington Bureau (202) 371-2121 **
[TOPICS: MAUDA$,MAUH0$]

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