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Housing Starts Down

Privately Owned Housing Starts Fall in January




Housing StartsThe U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for January 2017.

Building Permits

Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,285,000. This is 4.6 percent above the revised December rate of 1,228,000 and is 8.2 percent above the January 2016 rate of 1,188,000. Single-family authorizations in January were at a rate of 808,000; this is 2.7 percent below the revised December figure of 830,000. Authorizations of units in buildings with five units or more were at a rate of 446,000 in January.

Housing Starts

Privately-owned housing starts in January were at a seasonally adjusted annual rate of 1,246,000. This is 2.6 percent below the revised December estimate of 1,279,000, but is 10.5 percent above the January 2016 rate of 1,128,000. Single-family housing starts in January were at a rate of 823,000; this is 1.9 percent above the revised December figure of 808,000. The January rate for units in buildings with five units or more was 421,000.

Housing Completions

Privately-owned housing completions in January were at a seasonally adjusted annual rate of 1,047,000. This is 5.6 percent below the revised December estimate of 1,109,000 and is 0.9 percent below the January 2016 rate of 1,056,000. Single-family housing completions in January were at a rate of 800,000; this is 4.3 percent above the revised December rate of 767,000.The January rate for units in buildings with five units or more was 244,000.

New Home Sales Up

New Home Sales Up in November




Sales of new single-family houses in November 2016 were at a seasonally adjusted annual rate of 592,000, according to estimates released jointly by the U.S. Census Bureau and the […] Continue Reading…

Existing Home Sales Up

Existing-Home Sales Up Again in October




Existing-home sales ascended in October for the second straight month and eclipsed June’s cyclical sales peak to become the highest annualized pace in nearly a decade, according to the […] Continue Reading…

Housing Starts Up

Housing Starts Rise In October




The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for October 2016

BUILDING PERMITS

Privately-owned housing units authorized by building […] Continue Reading…

Existing Home Sales Up

Existing-Home Sales Rise in September Thanks to First-time Buyers




Existing-home sales rebounded strongly in September and were propelled by sales from first-time buyers reaching a 34 percent share, which is a high not seen in over four years, […] Continue Reading…