MONTHLY NEW RESIDENTIAL CONSTRUCTION, APRIL 2017

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1 FOR RELEASE AT 8:30 AM EDT, TUESDAY, MAY 16, MONTHLY NEW RESIDENTIAL CONSTRUCTION, APRIL Release Number: CB17-75 May 16, - The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for April : NEW RESIDENTIAL CONSTRUCTION APRIL Building Permits: 1,229,000 Housing Starts: 1,172,000 Housing Completions: 1,106,000 Next Release: June 16, Seasonally Adjusted Annual Rate Source: U.S. Census Bureau, HUD, May 16, Thousands of Units 1,500 1, New Residential Construction (Seasonally Adjusted Annual Rates) 600 Permits 300 Starts Completions 0 Apr-12 Apr-13 Apr-14 Apr-15 Apr-16 Apr-17 Source: U.S. Census Bureau, HUD, May 16, Building Permits Privately-owned housing authorized by building permits in April were at a seasonally adjusted annual rate of 1,229,000. This is 2.5 percent (±1.1 percent) below the revised March rate of 1,260,000, but is 5.7 percent (±1.4 percent) above the April 2016 rate of 1,163,000. Single-family authorizations in April were at a rate of 789,000; this is 4.5 percent (±0.8 percent) below the revised March figure of 826,000. Authorizations of in buildings with five or more were at a rate of 403,000 in April. Housing Starts Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,172,000. This is 2.6 percent (±8.8 percent)* below the revised March estimate of 1,203,000, but is 0.7 percent (±7.0 percent)* above the April 2016 rate of 1,164,000. Single-family housing starts in April were at a rate of 835,000; this is 0.4 percent (±8.6 percent)* above the revised March figure of 832,000. The April rate for in buildings with five or more was 328,000. Housing Completions Privately-owned housing completions in April were at a seasonally adjusted annual rate of 1,106,000. This is 8.6 percent (±10.8 percent)* below the revised March estimate of 1,210,000, but is 15.1 percent (±12.2 percent) above the April 2016 rate of 961,000. Single-family housing completions in April were at a rate of 784,000; this is 4.5 percent (±10.6 percent)* below the revised March rate of 821,000. The April rate for in buildings with five or more was 299,000. Data Inquiries Media Inquiries Economic Indicators Division, Residential Construction Branch Public Information Office eid.rcb@census.gov pio@census.gov

2 Seasonal Review (every April release) Unadjusted estimates of housing authorized by building permits for January through December 2016 have been revised. Also, seasonally adjusted estimates of housing authorized by building permits, started, under construction, and completed for January 2015 through March have been revised. The May report is scheduled for release on June 16,. View the full schedule in the Economic Briefing Room: < The full text and tables for this release can be found at < EXPLANATORY NOTES In interpreting changes in the statistics in this release, note that month-to-month changes in seasonally adjusted statistics often show movements which may be irregular. It may take three months to establish an underlying trend for building permit authorizations, six months for total starts, and five months for total completions. The statistics in this release are estimated from sample surveys and are subject to sampling variability as well as nonsampling error including bias and variance from response, nonreporting, and undercoverage. Estimated relative standard errors of the most recent data are shown in the tables. Whenever a statement such as 2.5 percent (±3.2 percent) above appears in the text, this indicates the range (-0.7 to +5.7 percent) in which the actual percentage change is likely to have occurred. All ranges given for percentage changes are 90 percent confidence intervals and account only for sampling variability. If a range does not contain zero, the change is statistically significant. If it does contain zero, the change is not statistically significant; that is, it is uncertain whether there was an increase or decrease. The same policies apply to the confidence intervals for percentage changes shown in the tables. On average, the preliminary seasonally adjusted estimates of total building permits, housing starts and housing completions are revised 3 percent or less. Explanations of confidence intervals and sampling variability can be found on our website. < > America s Economy Mobile App The America s Economy app provides real-time updates for 19 key economic indicators released from the Census Bureau, Bureau of Labor Statistics, and Bureau of Economic Analysis. < API The Census Bureau s application programming interface lets developers create custom apps to reach new users and makes key demographic, socio-economic and housing statistics more accessible than ever before. < X * The 90 percent confidence interval includes zero. In such cases, there is insufficient statistical evidence to conclude that the actual change is different from zero. Data Inquiries Media Inquiries Economic Indicators Division, Residential Construction Branch Public Information Office eid.rcb@census.gov pio@census.gov

3 New Privately-Owned Housing Units Authorized in Permit-Issuing Places Table 1a - Seasonally adjusted annual rate 2015 (r) January , February , March , April , May , June , July , August , September , October , November , December , (r) January , February , March , April , May , June , July , August , September , October , November , December , January (r) , February (r) , March (r) , April (p) , Average RSE (%) Percent Change 2 Apr. from Mar % -4.5% 0.0% 1.5% -10.3% -1.9% 1.0% -3.1% -7.4% -7.9% 8.7% 2.1%. 90 percent confidence interval ± 1.1 ± 0.8 ± 11.9 ± 3.3 ± 6.8 ± 7.6 ± 3.2 ± 3.8 ± 1.7 ± 0.8 ± 1.4 ± 1.8 Apr. from Apr % 6.2% 12.1% 4.1% 13.0% -7.1% 1.6% 13.8% -0.5% 5.0% 18.3% 8.4%. 90 percent confidence interval ± 1.4 ± 0.9 ± 10.0 ± 3.8 ± 3.7 ± 5.0 ± 4.8 ± 4.2 ± 0.8 ± 0.7 ± 2.0 ± If the 90 percent confidence interval includes zero, there is insufficient evidence to conclude that the actual change is different from zero Note: Year-to-date permits estimates reflect revisions not distrubuted to months. Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, May 16,.

4 New Privately-Owned Housing Units Authorized in Permit-Issuing Places Table 1b - Not seasonally adjusted 2015 Annual , Annual (r) , RSE (%) Year to date Year to date RSE (%) Year to date percent change² % 10.1% 4.8% -2.6% 14.6% 2.6% 4.4% 8.3% 5.3% 12.2% 4.2% 8.1%. 90 percent confidence interval ± 0.8 ± 1.1 ± 7.3 ± 1.2 ± 2.9 ± 3.4 ± 3.3 ± 2.2 ± 1.2 ± 1.1 ± 1.5 ± January February March April May June July August September October November December (r) January February March April May June July August September October November December January February March (r) April (p) Average RSE (%) If the 90 percent confidence interval includes zero, there is insufficient evidence to conclude that the actual change is different from zero Note: Year-to-date permits estimates reflect revisions not distrubuted to months. Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, May 16,.

5 New Privately-Owned Housing Units Authorized, but Not Started, at End of Table 2a - Seasonally adjusted 2015 (r) January S February S March S April S May S June S July S August S September S October S November S December S (r) January S February S March S April S May S June S July S August S September S October S November S December S January (r) S February (r) S March (r) S April (p) S Average RSE (%) X Percent Change 2 Apr. from Mar % -2.7% S 3.3% 15.4% 0.0% 5.0% 0.0% -6.1% -4.8% 0.0% 0.0%. 90 percent confidence interval ± 4.1 ± 4.5 X ± 7.7 ± 22.2 ± 9.3 ± 6.3 ± 11.3 ± 5.5 ± 6.1 ± 8.1 ± 10.9 Apr. from Apr % 10.6% S -17.3% -21.1% -16.7% 40.0% 12.5% -16.2% 11.1% 11.8% 18.8%. 90 percent confidence interval ± 10.2 ± 13.0 X ± 14.8 ± 24.8 ± 19.6 ± 24.3 ± 22.5 ± 13.2 ± 22.3 ± 18.0 ± 21.4 Note: These data represent the number of housing authorized in all months up to and including the last day of the reporting period and not started as of that date without regard to the months of original permit issuance. Cancelled, abandoned, expired, and revoked permits are excluded. Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, May 16,.

6 New Privately-Owned Housing Units Authorized, but Not Started, at End of Table 2b - Not seasonally adjusted 2015 January February March April May June July August September October November December January February March April May June July August September October November December January February (r) March (r) April (p) Average RSE (%) Note: These data represent the number of housing authorized in all months up to and including the last day of the reporting period and not started as of that date without regard to the months of original permit issuance. Cancelled, abandoned, expired, and revoked permits are excluded. Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, May 16,.

7 New Privately-Owned Housing Units Started Table 3a - Seasonally adjusted annual rate 2015 (r) January , S February S March S April , S May , S June , S July , S August , S September , S October , S November , S December , S (r) January , S February , S March , S April , S May , S June , S July , S August , S September , S October , S November , S December , S January (r) , S February (r) , S March (r) , S April (p) , S Average RSE (%) X Percent Change 2 Apr. from Mar % 0.4% S -9.6% -37.3% -29.2% 41.1% 19.4% -9.1% -3.4% 5.4% 9.1%. 90 percent confidence interval ± 8.8 ± 8.6 X ± 24.2 ± 24.6 ± 16.5 ± 46.2 ± 24.1 ± 11.4 ± 9.1 ± 18.5 ± 24.0 Apr. from Apr % 8.9% S -14.6% -34.2% -16.4% 1.0% -0.8% -1.5% 7.3% 23.4% 29.9%. 90 percent confidence interval ± 7.0 ± 9.4 X ± 20.8 ± 17.5 ± 12.4 ± 20.3 ± 21.0 ± 11.1 ± 12.2 ± 23.2 ± 27.7 Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, May 16,.

8 New Privately-Owned Housing Units Started Table 3b - Not seasonally adjusted 2015 Annual , Annual , RSE (%) Year to date Year to date RSE (%) Year to date percent change² % 7.0% -27.0% 2.9% -14.5% -0.1% 0.8% 0.4% 9.0% 8.0% 8.5% 10.3%. 90 percent confidence interval ± 5.0 ± 3.9 ± 42.3 ± 12.7 ± 17.6 ± 15.1 ± 11.7 ± 12.5 ± 6.6 ± 4.9 ± 10.6 ± January February March April May June July August September October November December January February March April May June July August September October November December January February (r) March (r) April (p) Average RSE (%) Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, May 16,.

9 New Privately-Owned Housing Units Under Construction at End of Table 4a - Seasonally adjusted 2015 (r) January S February S March S April S May S June S July S August S September S October S November S December S (r) January S February S March S April S May , S June , S July , S August , S September , S October , S November , S December , S January (r) , S February (r) , S March (r) , S April (p) , S Average RSE (%) X Percent Change 2 Apr. from Mar % 0.7% S -0.2% -0.5% -1.9% 0.7% 1.4% -0.7% 0.9% 1.1% 0.9%. 90 percent confidence interval ± 0.7 ± 1.1 X ± 1.2 ± 1.7 ± 2.0 ± 2.2 ± 2.6 ± 1.2 ± 2.1 ± 1.1 ± 1.9 Apr. from Apr % 6.5% S 9.2% 2.7% 6.1% 9.6% 0.0% 3.9% 3.8% 17.7% 17.9%. 90 percent confidence interval ± 3.3 ± 3.7 X ± 5.0 ± 11.2 ± 8.5 ± 7.7 ± 7.7 ± 4.6 ± 6.0 ± 6.0 ± 8.2 Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, May 16,.

10 New Privately-Owned Housing Units Under Construction at End of Table 4b - Not seasonally adjusted 2015 January February March April May June July August September October November December January February March April May , June , July , August , September , October , November , December , January , February (r) , March (r) , April (p) , Average RSE (%) Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, May 16,.

11 New Privately-Owned Housing Units Completed Table 5a - Seasonally adjusted annual rate 2015 (r) January S February S March S April , S May , S June S July S August S September , S October S November S December , S (r) January , S February , S March , S April S May , S June , S July , S August , S September , S October , S November , S December , S January (r) , S February (r) , S March (r) , S April (p) , S Average RSE (%) X Percent Change 2 Apr. from Mar % -4.5% S -19.8% -27.0% 0.0% -0.5% -5.2% -6.3% -7.9% -11.8% 3.5%. 90 percent confidence interval ± 10.8 ± 10.6 X ± 18.5 ± 24.9 ± 24.8 ± 54.3 ± 31.8 ± 13.6 ± 13.1 ± 16.4 ± 16.6 Apr. from Apr % 10.1% S 24.6% -1.2% 10.7% 24.8% 8.5% 17.3% 8.3% 9.6% 15.8%. 90 percent confidence interval ± 12.2 ± 12.1 X ± 36.6 ± 27.3 ± 23.6 ± 32.3 ± 18.4 ± 18.1 ± 19.2 ± 23.9 ± 25.4 Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, May 16,.

12 New Privately-Owned Housing Units Completed Table 5b - Not seasonally adjusted 2015 Annual Annual , RSE (%) Year to date Year to date RSE (%) Year to date percent change² % 10.9% 7.1% 14.5% 7.3% -4.6% 10.9% 15.3% 14.9% 12.3% 7.4% 9.9%. 90 percent confidence interval ± 7.5 ± 5.6 ± 45.3 ± 20.6 ± 16.6 ± 13.2 ± 16.1 ± 10.9 ± 10.8 ± 7.6 ± 12.6 ± January February March April May June July August September October November December January February March April May June July August September October November December January February (r) March (r) April (p) Average RSE (%) Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, May 16,.

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