Starts bounce

Housing starts, year-over-year change, not seasonally adjusted, 1987-2007, NBER recessions shaded

Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,528,000. This is 2.5 percent (±9.3%)^* above the revised March estimate of 1,491,000, but is 16.1 percent (±5.5%) below the revised April 2006 rate of 1,821,000.

Single-family housing starts in April were at a rate of 1,225,000; this is 1.6 percent (±9.5%)^* above the March figure of 1,206,000. The April rate for units in buildings with five units or more was 267,000.


^* _{90% confidence interval includes zero. The Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different from zero.}

New Residential Construction in April 2007 (PDF)
US Census Bureau, 16. May 2007