Research >> Economics
February Housing Starts down 17.0%, Permits up 3.0%
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BUILDING PERMITS
Privately-owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,092,000. This is 3.0 percent (±1.7%) above the revised January rate of 1,060,000 and is 7.7 percent (±2.0%) above the February 2014 estimate of 1,014,000. Single-family authorizations in February were at a rate of 620,000; this is 6.2 percent (±0.9%) below the revised January figure of 661,000. Authorizations of units in buildings with five units or more were at a rate of 445,000 in February.
HOUSING STARTS
Privately-owned housing starts in February were at a seasonally adjusted annual rate of 897,000. This is 17.0 percent (±9.5%) below the revised January estimate of 1,081,000 and is 3.3 percent (±12.5%) below the February 2014 rate of 928,000. Single-family housing starts in February were at a rate of 593,000; this is 14.9 percent (±10.0%) below the revised January figure of 697,000. The February rate for units in buildings with five units or more was 297,000.
HOUSING COMPLETIONS
Privately-owned housing completions in February were at a seasonally adjusted annual rate of 850,000. This is 13.8 percent (±9.0%) below the revised January estimate of 986,000 and is 1.8 percent (±11.7%) below the February 2014 rate of 866,000. Single-family housing completions in February were at a rate of 595,000; this is 12.1 percent (±10.0%) below the revised January rate of 677,000. The February rate for units in buildings with five units or more was 236,000.
Posted: March 17, 2015 Tuesday 08:30 AM