U.S. Housing Starts Fall 0.2% in February


U.S. Housing starts were little changed in February after declining less than previously estimated a month earlier pointing to the stabilization in the home-building industry after winter weather disruptions.

Privately-owned housing starts in February were at a seasonally adjusted annual rate of 907,000. This is 0.2 percent below the revised January estimate of 909,000 and is 6.4 percent below the February 2013 rate of 969,000.

Single-family housing starts in February were at a rate of 583,000; this is 0.3 percent  above the revised January figure of 581,000. The February rate for units in buildings with five units or more was 312,000.

Privately-owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,018,000. This is 7.7 percent above the revised January rate of 945,000 and is 6.9 percent above the February 2013 estimate of 952,000.

Single-family authorizations in February were at a rate of 588,000; this is 1.8 percent below the revised January figure of 599,000. Authorizations of units in buildings with five units or more were at a rate of 407,000 in February.

U.S. Housing Starts Fall 0.2% in February


U.S. Census Bureau | anna@tradingeconomics.com
3/18/2014 12:43:14 PM