Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty

U.S. Housing Starts Drop, But Permits Issued Rise

WASHINGTON (UPI) — Residential home building starts dropped sharply in April, but permits for new projects rose soundly, the U.S. Department of Commerce said Thursday.

After housing starts topped 1 million in March for the first time since June 2008, building starts fell 16.5 percent in April to 853,000. The March figure was revised, but held above 1 million with 1,021,000 projects started, the department’s Census Bureau News said.

Housing starts for April came in 13.1 percent higher than April 2012, when starts came to 754,000.

At 1,017,000, the number of permits issued for private projects was 14.3 percent above March’s revised rate of 890,000.

Permits jumped 35.8 percent from 12 months prior, when 749,000 permits were issued for residential construction projects.

Residential project completions came to an annual rate of 689,000 in April, 14.3 percent below a revised March rate of 804,000. Completed projects were 3.3 percent above the April 2012 rate of 667,000, the department said in a release issued jointly by the Department of Housing and Urban Development.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “U.S. Housing Starts Drop, But Permits Issued Rise”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at


Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.