Blog Home » Real Estate Market » Housing Starts Rise 10.4% in January 2011






Housing Starts Rise 10.4% in January 2011




Housing starts in January increased 14.6% above the December estimate of 520,000, 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 January 2011 were at a seasonally adjusted annual rate of 562,000. This is 10.4% below the revised December rate of 627,000 and is 10.7% below the January 2010 estimate of 629,000.

Single-family authorizations in January were at a rate of 421,000; this is 4.8% below the revised December figure of 442,000. Authorizations of units in buildings with five units or more were at a rate of 125,000 in January.

Housing Starts

Privately-owned housing starts in January were at a seasonally adjusted annual rate of 596,000. This is 14.6% above the revised December estimate of 520,000, but is 2.6% below the January 2010 rate of 612,000.

Single-family housing starts in January were at a rate of 413,000; this is 1.0% below the revised December figure of
417,000. The January rate for units in buildings with five units or more was 171,000.

Housing Completions

Privately-owned housing completions in January 2011 were at a seasonally adjusted annual rate of 512,000. This is 9.5% below the revised December estimate of 566,000 and is 22.7% below the January 2010 rate of 662,000.

Single-family housing completions in January were at a rate of 428,000; this is 7.0% below the revised December rate of 460,000. The January rate for units in buildings with five units or more was 77,000.

Leave a Reply