Research >> Economics
December Housing starts up 4.1%, Permits up 0.1%
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BUILDING PERMITS
Privately-owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 679,000. This is 0.1 percent (±1.2%) below the revised November rate of 680,000, but is 7.8 percent (±2.2%) above the December 2010 estimate of 630,000. Single-family authorizations in December were at a rate of 444,000; this is 1.8 percent (±1.2%) above the revised November figure of 436,000. Authorizations of units in buildings with five units or more were at a rate of 209,000 in December. An estimated 611,900 housing units were authorized by building permits in 2011. This is 1.2 percent (±1.3%)* above the 2010 figure of 604,600.
HOUSING STARTS
Privately-owned housing starts in December were at a seasonally adjusted annual rate of 657,000. This is 4.1 percent (±11.6%) below the revised November estimate of 685,000, but is 24.9 percent (±18.3%) above the December 2010 rate of 526,000. Single-family housing starts in December were at a rate of 470,000; this is 4.4 percent (±11.3%) above the revised November figure of
450,000. The December rate for units in buildings with five units or more was 164,000. An estimated 606,900 housing units were started in 2011. This is 3.4 percent (±2.4%) above the 2010 figure of 586,900.
HOUSING COMPLETIONS
Privately-owned housing completions in December were at a seasonally adjusted annual rate of 605,000. This is 9.2 percent (±15.1%) above the revised November estimate of 554,000 and is 7.1 percent (±10.9%) above the December 2010 rate of 565,000. Single-family housing completions in December were at a rate of 448,000; this is 0.9 percent (±11.7%) below the revised November rate of 452,000. The December rate for units in buildings with five units or more was 147,000. An estimated 583,900 housing units were completed in 2011. This is 10.4 percent (±2.8%) below the 2010 figure of 651,700.
Posted: January 19, 2012 Thursday 08:30 AM