U.S. Economic News

April 16, 2021

U.S. Economic Indicators

Privately-owned housing starts increased 19.4% in March to a seasonally adjusted annual rate of 1.74 million (up 37.0% year-over-year). Housing permits increased 2.7% to a 1.77 million annual pace (up 30.2% from last year). Census Bureau Report

The University of Michigan Consumer Sentiment Index increased 1.6 points to 86.5 in the preliminary April reading and is up 14.7 points from April of last year. The Index of Consumer Expectations was unchanged at 79.7 points, while the Current Economic Conditions Index rose 4.2 points to 97.2. University of Michigan