Housing Starts Up 9.9% YTY in January

Feb. 24, 2012
Privately-owned housing starts in January were at a seasonally adjusted annual rate of 699,000, 1.5 percent above the revised December estimate of 689,000

Privately-owned housing starts in January were at a seasonally adjusted annual rate of 699,000, 1.5 percent above the revised December estimate of 689,000 and 9.9 percent above the Jan. 2011 rate of 636,000, according to the most-recent data available from the U.S. Census Dept. Single-family housing starts in January were at a rate of 508,000; one percent below the revised December figure of 513,000. The January rate for units in buildings with five units or more was 175,000.

Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 676,000, 0.7 percent above the revised December rate of 671,000 and 19 percent above the Jan. 2011 estimate of 568,000. Single-family authorizations in January were at a rate of 445,000, 0.9 percent above the revised December figure of 441,000.

New Privately Owned Housing Units Started

(Thousands of units, seasonally adjusted annual rate)

Period Total 1 Unit 5 Units or more Northeast Midwest South West January, 2011 636 437 187 94 115 306 121 August, 2011 585 425 153 57 86 301 141 September, 2011 646 422 218 59 98 327 162 October, 2011 628 437 175 64 110 322 132 November, 20112 702 458 235 96 96 343 167 December, 20112 689 513 153 63 172 328 126 January, 20121 699 508 175 68 102 388 141

1-Preliminary; 2-Revised; Note: Detail may not add to total because of rounding.
Source: U.S. Bureau of the Census