Research >> Economics
February Housing starts up 1.1%, Permits up 5.1%
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BUILDING PERMITS
Privately-owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 717,000. This is 5.1 percent (±1.2%) above the revised January rate of 682,000 and is 34.3 percent (±3.1%) above the February 2011 estimate of 534,000. Single-family authorizations in February were at a rate of 472,000; this is 4.9 percent (±1.2%) above the revised January figure of 450,000. Authorizations of units in buildings with five units or more were at a rate of 219,000 in February.
HOUSING STARTS
Privately-owned housing starts in February were at a seasonally adjusted annual rate of 698,000. This is 1.1 percent (±15.9%) below the revised January estimate of 706,000, but is 34.7 percent (±16.7%) above the February 2011 rate of 518,000. Single-family housing starts in February were at a rate of 457,000; this is 9.9 percent (±11.4%) below the revised January figure of 507,000. The February rate for units in buildings with five units or more was 233,000.
HOUSING COMPLETIONS
Privately-owned housing completions in February were at a seasonally adjusted annual rate of 568,000. This is 6.2 percent (±15.8%) above the revised January estimate of 535,000, but is 7.0 percent (±14.1%) below the February 2011 rate of 611,000. Single-family housing completions in February were at a rate of 421,000; this is 8.2 percent (±18.9%) above the revised January rate of 389,000. The February rate for units in buildings with five units or more was 144,000.
Posted: March 20, 2012 Tuesday 08:30 AM