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Building permits fell 4.7% in April and 3.2% over the year. Permits for single-family homes in April declined 5.1% from March and 6.2% over the year. Meanwhile, permits for buildings with five or more units decreased 4.4% from March but increased 2.6% over the year.

In April, housing starts rose 1.6% from March but fell 1.7% from April 2024. Starts for single-family homes declined 2.1% from March and 12.0% from April 2024. On the other hand, starts for buildings with five or more units jumped 11.1% over the month and 28.8% over the year.

Meanwhile, housing completions decreased 5.9% over the month and 12.3% over the year. Similarly, single-family home completions fell 8.0% from March and 16.6% from April 2024. Completions for buildings with five or more units ticked up 0.2% over the month but fell 1.7% from one year ago.