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MONTHLY NEW RESIDENTIAL CONSTRUCTION, JANUARY 2018 HOUSING STARTS

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https://www.census.gov/construction/nrc/pdf/newresconst.pdf


MONTHLY NEW RESIDENTIAL CONSTRUCTION, JANUARY 2018

February 16, 2018 - The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for January 2018: NEW RESIDENTIAL CONSTRUCTION JANUARY 2018

Building Permits: 1,396,000 Housing Starts: 1,326,000 Housing Completions: 1,166,000 Next Release: March 16, 2018 Seasonally Adjusted Annual Rate Source:  U.S. Census Bureau, HUD, February 16, 2018 Building Permits Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,396,000. This is 7.4 percent (±1.2 percent) above the revised December rate of 1,300,000 and is 7.4 percent (±1.9 percent) above the January 2017 rate of 1,300,000. Single-family authorizations in January were at a rate of 866,000; this is 1.7 percent (±1.3 percent) below the revised December figure of 881,000. Authorizations of units in buildings with five units or more were at a rate of 479,000 in January.

Housing Starts Privately-owned housing starts in January were at a seasonally adjusted annual rate of 1,326,000. This is 9.7 percent (±16.8 percent)* above the revised December estimate of 1,209,000 and is 7.3 percent (±15.0percent)* above the January 2017 rate of 1,236,000. Single-family housing starts in January were at a rate of 877,000; this is 3.7 percent (±9.7 percent)* above the revised December figure of 846,000. The January rate for units in buildings with five units or more was 431,000.

Housing Completions Privately-owned housing completions in January were at a seasonally adjusted annual rate of 1,166,000. This is 1.9 percent (±7.8 percent)* below the revised December estimate of 1,188,000, but is 7.7 percent (±11.9 percent)* above the January 2017 rate of 1,083,000. Single-family housing completions in January were at a rate of 850,000; this is 2.2 percent (±8.3 percent)* above the revised December rate of 832,000. The January rate for units in buildings with five units or more was 305,000. 0 300 600 900 1,200 1,500 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Thousands of Units New Residential Construction (Seasonally Adjusted Annual Rate) Permits Starts Completions Source:  U.S. Census Bureau, HUD, February 16, 2018 Data Inquiries Media Inquiries Economic Indicators Division, Residential Construction Branch Public Information Office 301‐763‐5160   301‐763‐3030 eid.rcb@census.gov pio@census.gov The February report is scheduled for release on March 16, 2018. View the full schedule in the Economic Briefing Room: .
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