April 2022 ~ Housing Starts

Housing Starts for April were down 0.2% overall, but single family homes, which are most important, were down 7.3%.
Housing Permits were down 3.2% last month, but once again single family were down by a larger amount, dropping 4.6%.
Overall, these figures are higher on a year over year basis, but there are challenges to getting homes completed. Single family units authorized, but not started, are up almost 1%, while single family units completed is down 5% from last month…showing that the backlog continues to grow for builders.