2007 Housing Starts Down Nearly 25%

ADVANCED SEARCH

READER'S CHOICE
Most Popular Stories

• Purvis Industries Buys Bearing Belt Chain
• One Distributor's Experience in Greening Its Warehouse
• Latin America Manufacturing Production Growth to Slow
• Owens & Minor to Sell Direct-to-Consumer Diabetes Business
• The Year in Distribution: 2008

HOME
ABOUT MDM
CONTACT US
CUSTOMER SERVICE

E-Mail This Article

Printer-Friendly Version

Related Articles from MDM

MDM Databank

Microsoft

Untitled Document

January 18, 2008

2007 Housing Starts Down Nearly 25%

Source: U.S. Census Bureau

Building Permits

Privately-owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,068,000. This is 8.1 percent below the revised November rate of 1,162,000 and is 34.4 percent below the revised December 2006 estimate.

Single-family authorizations in December were at a rate of 692,000; this is 10.1 percent below the November figure of 770,000. Authorizations of units in buildings with five units or more were at a rate of 322,000 in December.

An estimated 1,376,100 housing units were authorized by building permits in 2007. This is 25.3 percent below the 2006 figure.

Housing Starts

Privately-owned housing starts in December were at a seasonally adjusted annual rate of 1,006,000. This is 14.2 percent below the revised November estimate of 1,173,000 and is 38.2 percent below the revised December 2006 rate of 1,629,000.

Single-family housing starts in December were at a rate of 794,000; this is 2.9 percent below the November figure of 818,000.

The December rate for units in buildings with five units or more was 196,000.

An estimated 1,353,700 housing units were started in 2007. This is 24.8 percent below the 2006 figure of 1,800,900.

Housing Completions

Privately-owned housing completions in December were at a seasonally adjusted annual rate of 1,302,000. This is 7.7 percent below the revised November estimate of 1,411,000 and is 31 percent below the revised December 2006 rate of 1,887,000.

Single-family housing completions in December were at a rate of 1,009,000; this is 12 percent (±10.5%) below the November figure of 1,146,000. The December rate for units in buildings with five units or more was 278,000.

An estimated 1,500,200 housing units were completed in 2007. This is 24.2 percent below the 2006 figure of 1,979,400.

Click here for details

More Breaking News