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

Homebuilders logged 1.01 million single-family starts in the first month of the year.
Feb. 21, 2020
Getty Images / Gregory Clifford
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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.

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“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.
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