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【Zillow】April 2024 Housing Starts: Builders Cautiously Scale Back New Home Construction As Expectations Shift

【Zillow】April 2024 Housing Starts: Builders Cautiously Scale Back New Home Construction As Expectations Shift

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  • Building permits issued in April decreased to 1,440,000 (SAAR). That’s 3% below the revised March rate and 2% lower than a year ago.
  • Housing starts increased to 1,360,000 (SAAR) in April, up 5.7% from the revised March estimate but 0.6% lower than a year ago, according to the U.S. Census Bureau. 
  • Single-family housing starts decreased to 1,031,000 (SAAR) in April, down 0.4% from March and 17.7% above last April. Despite the recent decrease, single-family construction drove most of the increase in housing starts in the past year.

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