Saturday, May 19, 2012

New Residential Construction Up in April 2012

Building permits, housing starts, and housing completions have all risen over last year. The latest monthly report for new residential construction from the U.S. Census Bureau and the Department of Housing and Urban Development -- containing data through April 2012 -- was released May 16. The report shows the new housing market continuing to gain traction, as shown in last month's report.

Below is a summary of the latest figures:

Building Permits
  • up 23.7% over April 2011
  • up 1.9% over March 2012

Housing Starts
  • up 29.9% over April 2011
  • up 2.6% over March 2012

Housing Completions
  • up 20.1% over April 2011
  • up 10.0% over March 2012

Economic indicators for new residential construction and sales, manufacturing, retail, U.S. international trade, construction spending, and homeownership are released every month by the U.S. Census and Department of Housing and Urban Development. The May 2012 report is due June 19, 2012.

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