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US home construction falls a surprise 9.5% in April

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WASHINGTON – U.S. home construction fell surprisingly sharply in April though that is follows the biggest jump in 15 years.

Construction dropped 9.5% in April to a seasonally adjusted annual rate of 1.57 million units, the Commerce Department said Tuesday.

That was down from a rate of 1.73 million units in March, which had been the best showing since the peak of the housing boom in 2006.

The report showed that applications for building permits, considered a good sign of future activity, rose 0.3% in April to an annual rate of 1.76 million units, a good sign that the April dip in construction will be temporary.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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