Housing Starts Fall in January


US privately-owned housing starts shrank 2 percent to a seasonally adjusted annual rate of 1,065,000 in January. Single family home starts dropped 6.7 percent, offsetting a 12.1 percent gain in the multi-family segment.

The December estimate was revised to 1,087,000 thousand from 1,089,000.

Single-family housing starts in January were at a rate of 678,000; this is 6.7 percent below the revised December figure of 727,000. The January rate for units in buildings with five units or more was 381,000.

In January, housing starts were 18.7 percent above the January 2014 rate of 897,000.

Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,053,000. This is 0.7 percent below the revised December rate of 1,060,000, but is 8.1 percent above the January 2014 estimate of 974,000.

Single-family authorizations in January were at a rate of 654,000; this is 3.1 percent below the revised December figure of 675,000. Authorizations of units in buildings with five units or more were at a rate of 372,000 in January.

Housing Starts Fall in January


U.S. Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
2/18/2015 1:48:47 PM