Housing Starts & Building Permits Down Slightly

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The U.S. government is reporting that privately‐owned housing starts in February were at a seasonally adjusted annual rate of 1,464,000, which is 5.5% below January’s revised number.  However, it was 13.8% higher than one year ago.  February’s rate for units in buildings with five units or more was 508k.  Privately‐owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,464,000, which was 5.5% below January’s revised number.  However it was 13.8% higher than one year ago.  Authorizations of units in buildings with five units or more were at a rate of 415,000 in February.

Click here to read the full report at the U.S. Census Bureau.

 

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Director of Education & Outreach, National Real Estate Investors Association

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