Getty Images / Gregory Clifford
Residential Construction Getty Images 993311030 Gregory Clifford 770
Residential Construction Getty Images 993311030 Gregory Clifford 770
Residential Construction Getty Images 993311030 Gregory Clifford 770
Residential Construction Getty Images 993311030 Gregory Clifford 770
Residential Construction Getty Images 993311030 Gregory Clifford 770

Total Housing Starts Kick Off New Year with a Bang, Up +21.4% Over Jan. 2019

Feb. 21, 2020
Homebuilders logged 1.01 million single-family starts in the first month of the year.

Privately-owned housing starts in January were at a seasonally adjusted annual rate of 1,567,000, -3.6% below the revised December estimate of 1,626,000, but +21.4% above the January 2019 rate of 1,291,000. According to the U.S. Census Bureau, single-family housing starts in January were at a rate of 1,010,000, -5.9% below the revised December figure of 1,073,000.

“While the solid pace for residential construction continues, favorable weather conditions may have accelerated production in the winter months,” said Danushka Nanayakkara-Skillington, assistant VP of forecasting and analysis for the National Association of Home Builders (NAHB) in the press release.