Housing Starts Up 9.9% YTY in January

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.

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