New Residential Starts
Diana Heeb Bivona
The U.S. Census Bureau and the Department of Housing and Urban Development released their report on new residential construction for April 2007 on Wednesday:
Building Permits: Privately-owned housing units were down 8.9% from the revised March rate and 28% below the April 2006 revised estimates. Single-family authorizations in April were 6% below the March figure.
Housing Starts: Privately-owned housing starts in April were 2.5% above the revised March estimate, but was 16.1% below the revised April 2006 rate. Single-family housing starts in April were 1.6% above the March figure.
Popularity: 10%