Privately-owned housing starts in January were at a seasonally adjusted annual rate of 466,000, 16.8% below December and 56.2% below January 2008, according to the U.S. Census Bureau and the Department of Housing and Urban Development.
Single-family housing starts in January were at a rate of 347,000; this is 12.2% below the December figure of 395,000. The January rate for units in buildings with five units or more was 114,000.
By region, in the Northeast starts were down 73.7% from January 2008; in the Midwest they were down 66%; the South saw a drop of 53.7%, and the West declined 45.4%.
Permits
Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 521,000. This is 4.8% below …
Housing Starts Fall 16.8% From December
Privately-owned housing starts in January were at a seasonally adjusted annual rate of 466,000, 16.8% below December and 56.2% below January 2008, according to the U.S. Census Bureau and the Department of Housing and Urban Development.
Single-family housing starts in January were at a rate of 347,000; this is 12.2% below the December figure of 395,000. The January rate for units in buildings with five units or more was 114,000.
By region, in the Northeast starts were down 73.7% from January 2008; in the Midwest they were down 66%; the South saw a drop of 53.7%, and the West declined 45.4%.
Permits
Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 521,000. This is 4.8% below …
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