Housing starts have risen 18.6%

March 14, 2019 11:50 am

Housing starts have risen 18.6% in January 2019, new figures show.

There were 1.23 million housing starts across the United States in January 2019. These were boosted by the fastest pace of single-family house construction for eight months. The revised December estimate was 1.037 million.

The figure is a 1.4% rise on a revised December rate of 1.326 million, but is down 1.5% on a year earlier.

Single‐family housing starts in January reached 926,000. As a result, the figure is 25.1% above the revised December figure of 740,000. The January rate for units in buildings with five units or more was 289,000.

There were also 1.345 million building permits issued plus 1.244 million housing completions.

That is according to the latest figures from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Single‐family authorizations in January were at 812,000, which is down 2.1% below the revised December figure of 829,000.

There were 482,000 authorizations of units in buildings with five units or more.

Privately‐owned housing completions totalled 1,244,000.  This is 27.6% above the revised December estimate of 975,000 and is also 2.1% above the January 2018 rate of 1,218,000.

Single‐family housing completions in January reached 914,000, which is also 30.2% above the revised December rate of 702,000. The January rate for units in buildings with five units or more was 327,000.

Source: https://www.census.gov/construction/nrc/pdf/newresconst.pdf