Economic Data and Growth

Building permits increased 5.8% in April but ticked down 0.2% over the year. Permits for single-family homes in April declined 2.6% and 5.5% over the year. On the other hand, permits for buildings with five or more units surged 22.7% from March and 11.5% over the year.

In April, housing starts decreased 2.8% from March but rose 4.6% over the year. Starts for single-family homes fell 9.0% from March and 2.4% over the year. Meanwhile, starts for buildings with five or more units advanced 14.3% over the month and 23.3% over the year.

Housing completions stepped up 4.8% over the month but slipped 2.0% over the year. Single-family home completions decreased 1.0% from March and 7.0% from April 2025. At the same time, completions for buildings with five or more units climbed 16.5% over the month and 6.4% from one year ago.