The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
May 17, 2024US HOUSING STARTS AND BUILDING PERMITS, APRIL 2024 Month over month (April 2024 vs March 2024, seasonally adjusted annualized rates)
US housing starts increased 5.7% to a seasonally adjusted annualized rate of 1,360,000 units. There were decreases in single unit starts (-0.4%), and increases in multi-unit starts (+31.4%).
The number of residential building permits decreased 3.0% to a seasonally adjusted annualized rate of 1,440,000 units. Permits were down for single units (-0.8%), up for structures with 2-4 units (+7.7%), and down for multi-unit structures with more than 5 units (-9.1%).
Year over year (April 2024 vs April 2023, seasonally adjusted annualized rates)
Compared to April 2023, US housing for starts were down 0.6%, with increases in single unit starts (+17.7%) and starts for structures with 5 or more units were down (-32.9%).
Residential building permits were down 2.0%, with increases in single units (+11.4%), down in structures with 2-4 units (-12.5%) and down in structures with 5 or more units (-23.0%).
Year-to-date (January-April 2024 vs January-April 2023, seasonally adjusted annualized rates)
Compared to January-April 2023, US housing for starts were up 1.7%, with increases in single unit starts (+25.4), and down for multi-unit starts (-36.3%).
Residential building permits were down 0.5%, with increases in single units (+22.0%), decreases in structures with 2-4 units (-4.8%) and declines in structures with 5 or more units (-29.7%).
Source: US Census Bureau New Residential Construction, retrieved from Federal Reserve Bank of St. Louis
<--- Return to Archive
