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April 16, 2021US HOUSING STARTS AND BUILDING PERMITS, MARCH 2021 
BUILDING PERMITS
According to the US Census Bureau and the US Department of Housing and Urban Development, residential building permits rose 2.7% from the revised February estimate of 1,720,000 permits to a seasonally adjusted rate of 1,766,000 permits in March 2021.
US residential building permits increased 30.2% over the same month last year. Permits increased for all structure types, as permits for single unit structures increased 35.6%, those with 2 to 4 units increased 28.3%, and permits for structures with 5 units or more increased 19.2%.
In the first three months of 2021, residential permits are up 24.1%, with increased for single unit structures (+26.6%), those with 2 to 4 units (+20.9%) and structures with 5 or more units (+18.9%).
HOUSING STARTS
In March 2021, US housing starts rose 19.4% compared to the revised February estimate of 1,457,000, to a seasonally adjusted annualized rate of 1,739,000 units.
US housing starts increased 37.0% over March 2020. Starts for single unit structures increased 40.7%, and starts for structures with 5 or more units increased 26.9%.
Year to date, US housing starts are up 8.6% compared to Jan-Mar 2020, with higher single unit starts (19.3%) but lower starts for structures with 5 or more units (-12.5%).
Source:
US Census Bureau New Residential Construction
US Census Bureau - retrieved from FRED, Federal Reserve Bank of St. Louis. Monthly data
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