Housing starts were at a seasonally changed yearly rate of 1.793 million in March, according to the U.S. Census Bureau. This is 0.3% above the modified February price quote of 1.788 million and is 3.9% above the March 2021 rate of 1.725 million.
Housing starts were blending throughout the nation, increasing in the Northeast (77.6%) and the West (13.9%), however reducing in the Midwest (19.4%), and the South (6.4%).
New structure authorizations were 1.873 million in March, 0.4% listed below the previous month however 6.7% above the March 2021 rate of 1.755 million. Single-household structure allows reduced 4.8% from the modified February figure.
Housing conclusions were at a seasonally changed yearly rate of 1.303 million in March. This is 4.5% listed below the modified February price quote of 1.365 million and is 13.0% listed below the March 2021 rate of 1.497 million.
Read the Census release.