EconoIndicators / Housing Starts

Housing Starts - January 2008

Housing Starts At a Glance
Seasonally Adjusted

Housing Starts: 1,012,000
Monthly Change: Up 0.8%
Year-to-year Change: Down 27.9%
1-Family Monthly Change: Down 5.2%
Housing Completions: 1,351,000
Monthly Change: Up 1.8%
Year-to-year Change: Down 26.2%
1-Family Monthly Change: Down 1%
Building Permits: 1,048,000
Monthly Change: Down 3%
Year-to-year Change: Down 33.1%
1-Family Monthly Change: Down 4.1%

Technorati Tags: housing, starts, new, residential, construction

NEW RESIDENTIAL CONSTRUCTION IN JANUARY 2008

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential
construction statistics for January 2008:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,048,000.
This is 3.0 percent (±1.5%) below the revised December rate of 1,080,000 and is 33.1 percent (±1.4%) below the revised January
2007 estimate of 1,566,000.
Single-family authorizations in January were at a rate of 673,000; this is 4.1 percent (±1.8%) below the December figure of 702,000.
Authorizations of units in buildings with five units or more were at a rate of 336,000 in January.
HOUSING STARTS
Privately-owned housing starts in January were at a seasonally adjusted annual rate of 1,012,000. This is 0.8 percent (±8.2%)* above
the revised December estimate of 1,004,000, but is 27.9 percent (±5.9%) below the revised January 2007 rate of 1,403,000.
Single-family housing starts in January were at a rate of 743,000; this is 5.2 percent (±8.1%)* below the December figure of 784,000.
The January rate for units in buildings with five units or more was 247,000.
HOUSING COMPLETIONS
Privately-owned housing completions in January were at a seasonally adjusted annual rate of 1,351,000. This is 1.8 percent (±8.9%)*
above the revised December estimate of 1,327,000, but is 26.2 percent (±9.6%) below the revised January 2007 rate of 1,830,000.
Single-family housing completions in January were at a rate of 1,010,000; this is 1.0 percent (±7.7%)* below the December figure of
1,020,000. The January rate for units in buildings with five units or more was 303,000.