April building permits fall 2.5 percent from March but up 5.7 percent year-on-year

Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,229,000. This is 2.5 percent below the revised March rate of 1,260,000, but is 5.7

percent above the April 2016 rate of 1,163,000.