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April 19, 2022US HOUSING STARTS AND BUILDING PERMITS, MARCH 2022 
Month over month (Mar-22 vs Feb-22, seasonally adjusted annualized rates)
US residential building permits increased 0.4% over the previous month to 1,873,000. Single unit structures were down -4.8%. Structures with 2 to 4 units were unchanged. Structures with 5 units or more were up 10.9%.
US housing starts increased 0.3% over the previous month to 1,793,000. This is largest number of starts in over 13 years (January 2009 starts = 490,0000).
Year over year (Mar-22 vs Mar-21, seasonally adjusted annualized rates)
US residential building permits increased 6.7% over the same month last year. Permits for single unit structures decreased 3.9%. Permits for structures with 2 to 4 units decreased -6.9%. Permits for structures with 5 units or more increased 33.6%.
US housing starts increased 3.9% over the same month last year. Starts for single unit structures decreased 4.4%. Starts for structures with 5 or more units increased 28.1%.
Year to date (Jan-Mar 2022 vs Jan-Mar 2021, seasonally adjusted annualized rates)
US residential building permits increased 5.0% over the same period last year to 1,878,000. Permits for single unit structures declined -1.2%. Permits for structures with 2 to 4 units increased 2.5%. Permits for structures with 5 units or more were up 19.2%.
Housing starts are up 9.7% over the same period last year to 1,753,000. Starts for single unit structures increased 3.5%. Starts for structures with 5 or more units increased 25.6%.
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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