Housing Starts Rose 3.9% YOY in March

April 19, 2022 from Floor Focus FloorDaily News

Washington, DC, April 19, 2022 – Privately‐owned housing starts in March were at a seasonally adjusted annual rate of 1,793,000, 0.3% above the revised February estimate of 1,788,000 and 3.9% above the March 2021 rate of 1,725,000, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Single‐family housing starts in March were at a rate of 1,200,000; this is 1.7% below the revised February figure of 1,221,000. The March rate for units in buildings with five units or more was 574,000.

Privately‐owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,873,000. This is 0.4% above the revised February rate of 1,865,000 and is 6.7% above the March 2021 rate of 1,755,000. Single‐family authorizations in March were at a rate of 1,147,000; this is 4.8% below the revised February figure of 1,205,000. Authorizations of units in buildings with five units or more were at a rate of 672,000 in March.

Privately‐owned housing completions in March were at a seasonally adjusted annual rate of 1,303,000. This is 4.5% below the revised February estimate of 1,365,000 and is 13.0% below the March 2021 rate of 1,497,000. Single‐family housing completions in March were at a rate of 1,000,000; this is 6.4% below the revised February rate of 1,068,000. The March rate for units in buildings with five units or more was 292,000.

Related Topics: U.S. Census Bureau