NAHB Index Shows Housing Market Stabilizing After Record Dump


Building permits 1074K vs 1000K expected Prior building permits 1350K (revised to 1356K)

Building permits in the United States fell 20.8 percent from a month earlier to a seasonally adjusted annual rate of 1.074 million in April 2020, the lowest level since January 2015 and compared with market expectations of 1 million.

Single-family authorizations were down 24.3 percent to a five-year low of 669 thousand, while permits for the volatile multi-segment dropped 14.2 percent to a rate of 405 thousand, the lowest since March 2016.

Across regions, permits were down in the South (-14.7 percent to 617 thousand), West (-28 percent to 250 thousand), Midwest (-16.1 percent to 146 thousand) and Northeast (-45.5 percent to 61 thousand).