January Housing Starts Jump 0.2 Percent As Markets in South and West Rise

Privately-owned housing starts in January hit a seasonally adjusted rate of 1.85 million, a 0.2 percent increase over the revised December estimate of 1.85 million and an 8 percent increase over the January 2002 rate of 1.71 million.

Single-family housing starts in January 2003 were at a rate of 1.51 million, a 2.1 percent increase above the December figure of 1.41 million. The January estimate for units in buildings with five or more units was 303,000 units. An estimated 1.70 million

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