MONTHLY CONSTRUCTION ACTIVITY FROM HUD

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MONTHLY CONSTRUCTION ACTIVITY FROM HUD

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New Residential Construction Activity January 2016

 Construction Activity January 2016

Building Permits

  • Privately owned housing units authorized by construction building permits in January were at a seasonally adjusted annual rate of 1,202,000. This is 0.2 percent (±0.5%)* below the revised December rate of 1,204,000, but is 13.5 percent (±1.5%) above the January 2015 estimate of 1,059,000.
  • Single-family authorizations in January were at a rate of 720,000; this is 1.6 percent (±1.0%) below the revised December figure of 732,000.
  • Authorizations of units in buildings with five units or more were at a rate of 442,000 in January.

 

Housing Starts

  • Privately owned construction housing starts in January were at a seasonally adjusted annual rate of 1,099,000. This is 3.8 percent (±12.0%)* below the revised December estimate of 1,143,000, but is 1.8 percent (±13.5%)* above the January 2015 rate of 1,080,000.
  • Single-family housing starts in January were at a rate of 731,000; this is 3.9 percent (±10.5%)* below the revised December figure of 761,000.
  • The January rate for units in buildings with five units or more was 354,000.

 

HOUSING COMPLETIONS

  • Privately owned housing completions in January were at a seasonally adjusted annual rate of 1,057,000. This is 2.0 percent (±9.3%)* above the revised December estimate of 1,036,000 and is 8.4 percent (±13.2%)* above the January 2015 rate of 975,000.
  • Single-family housing completions in January were at a rate of 693,000; this is 1.4 percent (±10.2%)* below the revised December rate of 703,000.
  • The January rate for units in buildings with five units or more was 351,000.

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Milton Weiss
Born in cold country up north, I never was happy being cold. Finished college and left for warmer weather and landed in the Caribbean for many years. Met my wife there, had a happy life there and then moved to Palm Beach County, Florida, where we still have a happy life. Warm weather, the sun, and the ocean flow through my body. I hope to bring some of that energy to you.

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