Housing Starts Down & Building Permits Up in January

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The U.S. government is reporting that privately‐owned housing starts in January were at a seasonally adjusted annual rate of 1,580,000, which is 6% below December’s revised number.  January’s rate for units in buildings with five units or more was 402k.  Privately‐owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,881,000, which was 10.4% higher than December’s revised number.  Authorizations of units in buildings with five units or more were at a rate of 557k in January.

new housing units started in the united states

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

 

About Author

Brad Beckett

Director of Education & Outreach, National Real Estate Investors Association

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