US building permits, housing starts, and completions decline in March

Wednesday, 24 April 2019 19:18:06 (GMT+3)   |   San Diego
       

According to the US Census Bureau, privately‐owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,269,000. This is 1.7 percent (±1.4 percent) below the revised February rate of 1,291,000 and is 7.8 percent (±1.9 percent) below the March 2018 rate of 1,377,000. 

Single‐family authorizations in March were at a rate of 808,000; this is 1.1 percent (±1.5 percent) below the revised February figure of 817,000.  Authorizations of units in buildings with five units or more were at a rate of 425,000 in March. 

Privately‐owned housing starts in March were at a seasonally adjusted annual rate of 1,139,000. This is 0.3 percent (±14.6 percent) below the revised February estimate of 1,142,000 and is 14.2 percent (±8.8 percent) below the March 2018 rate of 1,327,000. 

Single‐family housing starts in March were at a rate of 785,000; this is 0.4 percent (±15.2 percent) below the revised February figure of 788,000. The March rate for units in buildings with five units or more was 337,000.  

Privately‐owned housing completions in March were at a seasonally adjusted annual rate of 1,313,000.  This is 1.9 percent (±19.5 percent) below the revised February estimate of 1,338,000, but is 6.8 percent (±15.8 percent) above the March 2018 rate of 1,229,000. 

Single‐family housing completions in March were at a rate of 938,000; this is 11.9 percent (±14.2 percent) above the revised February rate of 838,000. The March rate for units in buildings with five units or more was 364,000.


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