Housing Activity Slips 16% in January to Seasonally Adjusted Rate of 880,000 Starts

The U.S. Census Bureau’s most recent data show that privately-owned housing starts in January were at a seasonally adjusted annual rate of 880,000, 16% below the revised December estimate of 1,048,000 and 2% below the January 2013 rate of 898,000.
Feb. 28, 2014
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The U.S. Census Bureau’s most recent data show that privately-owned housing starts in January were at a seasonally adjusted annual rate of 880,000, 16% below the revised December estimate of 1,048,000 and 2% below the January 2013 rate of 898,000. Single-family housing starts in January were at a rate of 573,000, 15.9% below the revised December figure of 681,000.
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“Though the decline in starts is largely weather related, it is worth noting that on the upside housing production for the fourth quarter was above 1 million for the first time since 2008 while single-family permits held relatively steady,” said David Crowe, chief economist, for the National Association of Home Builders (NAHB). Washington, D.C.