US building permits and housing starts drop in February while completions rise

Tuesday, 26 March 2019 22:53:18 (GMT+3)   |   San Diego
       

The US Census Bureau and the US Department of Housing and Urban Development jointly announced privately‐owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,296,000. This is 1.6 percent (±1.2 percent) below the revised January rate of 1,317,000 and is 2.0 percent (±1.7 percent) below the February 2018 rate of 1,323,000. 

Single‐family authorizations in February were at a rate of 821,000; this is 0.0 percent (±0.7 percent) below the revised January figure of 821,000. Authorizations of units in buildings with five units or more were at a rate of 439,000 in February. 

Privately‐owned housing starts in February were at a seasonally adjusted annual rate of 1,162,000. This is 8.7 percent (±10.3 percent) below the revised January estimate of 1,273,000 and is 9.9 percent (±11.5 percent) below the February 2018 rate of 1,290,000. 

Single‐family housing starts in February were at a rate of 805,000; this is 17.0 percent (±11.2 percent) below the revised January figure of 970,000. The February rate for units in buildings with five units or more was 352,000.  

Privately‐owned housing completions in February were at a seasonally adjusted annual rate of 1,303,000. This is 4.5 percent (±17.8 percent) above the revised January estimate of 1,247,000 and is 1.1 percent (±18.6 percent) above the February 2018 rate of 1,289,000. 

Single‐family housing completions in February were at a rate of 816,000; this is 10.0 percent (±11.0 percent) below the revised January rate of 907,000. The February rate for units in buildings with five units or more was 473,000.


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