Privately owned housing starts in March were at a seasonally adjusted annual rate of 1,089,000. This is 8.8 percent below the revised February estimate of 1,194,000 and 14.2 percent above the March 2015 rate of 954,000.
Single-family housing starts in March were at a rate of 764,000; this is 9.2 percent below the revised February figure of 736,000. The March rate for units in buildings with five units or more was 324,000.
Privately owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,086,000. This is 7.7 percent below the revised February rate of 1,177,000, but 4.6 percent above the March 2015 estimate of 1,038,000.
Single-family authorizations in March were at a rate of 727,000; this is 1.2 percent below the revised February figure of 736,000. Authorizations of units in buildings with five units or more were at a rate of 324,000 in March.
Privately owned housing completions in March were at a seasonally adjusted annual rate of 1,061,000. This is 3.5 percent above the revised February estimate of 1,025,000, and 31.6 percent above the March 2015 rate of 806,000.
Single-family housing completions in March were at a rate of 734,000; this is 0.3 percent below the revised February rate of 736,000. The March rate for units in buildings with five units or more was 316,000.
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