Feb
16

New Residential Construction in January 2011

By

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for January 2011:

BUILDING PERMITS
Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 562,000. This is 10.4 percent (±1.8%) below the revised December rate of 627,000 and is 10.7 percent (±1.2%) below the January 2010 estimate of 629,000. Single-family authorizations in January were at a rate of 421,000; this is 4.8 percent (±2.3%) below the revised December figure of 442,000. Authorizations of units in buildings with five units or more were at a rate of 125,000 in January.

HOUSING STARTS
Privately-owned housing starts in January were at a seasonally adjusted annual rate of 596,000. This is 14.6 percent (±15.7%)* above the revised December estimate of 520,000, but is 2.6 percent (±9.8%)* below the January 2010 rate of 612,000. Single-family housing starts in January were at a rate of 413,000; this is 1.0 percent (±8.6%)* below the revised December figure of 417,000. The January rate for units in buildings with five units or more was 171,000.

HOUSING COMPLETIONS
Privately-owned housing completions in January were at a seasonally adjusted annual rate of 512,000. This is 9.5 percent (±6.3%) below the revised December estimate of 566,000 and is 22.7 percent (±8.3%) below the January 2010 rate of 662,000. Single-family housing completions in January were at a rate of 428,000; this is 7.0 percent (±7.0%)* below the revised December rate of 460,000. The January rate for units in buildings with five units or more was 77,000.

Be Sociable, Share!
    Categories : National News

    Comments are closed.