Housing Starts Rise More Than Expected


US privately-owned housing starts rose 4.4 percent to a seasonally adjusted annual rate of 1,089,000 in December. It is the strongest figure since July as single-family homes starts hit the highest level in more than six years.

The November estimate was revised to 1,043,000. Year-on-year, housing starts increased 5.3 percent 

Single-family housing starts in December were at a rate of 728,000; this is 7.2 percent above the revised November figure of 679,000. The December rate for units in buildings with five units or more was 339,000. An estimated 1,005,800 housing units were started in 2014. This is 8.8 percent (±2.9%) above the 2013 figure of 924,900.

Privately-owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,032,000. This is 1.9 percent below the revised November rate of 1,052,000, but is 1.0 percent above the December 2013 estimate of Single-family authorizations in December were at a rate of 667,000; this is 4.5 percent above the revised November figure of 638,000. Authorizations of units in buildings with five units or more were at a rate of 338,000 in December.

An estimated 1,032,900 housing units were authorized by building permits in 2014. This is 4.2 percent above the 2013 figure of 990,800.

Privately-owned housing completions in December were at a seasonally adjusted annual rate of 927,000. This is 6.3 percent above the revised November estimate of 872,000 and is 19.6 percent above the December 2013 rate of 775,000.

Housing Starts Rise More Than Expected


U.S. Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
1/21/2015 1:57:59 PM