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Builders Are Finishing More and More Homes, But Permits Have Been Flat

Builders Are Finishing More and More Homes, But Permits Have Been Flat

The latest data on new residential construction from the U.S. Census Bureau paints a somewhat mixed picture of the housing market. While housing completions surged in April, Housing starts only increased modestly and building permits declined both building permits slipped to the lowest level since last summer. The following bullet points break down the numbers in seasonally adjusted annual rates for the 3 phases of construction: Building Permits  1.44 million versus 1.48 million forecast and 1.467 last month Of that, 976k were single family permits and 408k were 5+ units Housing Starts (breaking ground phase) 1.36 million versus 1.42 million forecast and 1.29 million last month last month revised down from 1.32 million Of that, 1.031 million were sin
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