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Housing Starts Decrease 4.3% in December 2010




Housing starts in December decreased 4.3% below the November estimate of 553,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

Building Permits
Privately-owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 635,000. This is 16.7% above the revised November rate of 544,000, but is 6.8% below the December 2009 estimate of 681,000.

Single-family authorizations in December were at a rate of 440,000; this is 5.5% above the revised November figure of 417,000.

Housing Starts
Privately-owned housing starts in December were at a seasonally adjusted annual rate of 529,000. This is 4.3% below the revised November estimate of 553,000 and is 8.2% below the December 2009 rate of 576,000.

Single-family housing starts in December were at a rate of 417,000; this is 9.0% below the revised November figure of 458,000. The December rate for units in buildings with five units or more was 102,000.

Housing Completions
Privately-owned housing completions in December were at a seasonally adjusted annual rate of 585,000. This is 4.1% above the revised November estimate of 562,000, but is 22.2% below the December 2009 rate of 752,000.

Single-family housing completions in December were at a rate of 463,000; this is 5.5% above the revised November rate of 439,000.

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