The 2020 Mid-Year Economic Update_long

December Housing Starts Increase 6.4% YOY

Privately owned housing starts down 2.5 percent compared with November.

Privately owned housing starts in December were at a seasonally adjusted annual rate of 1,149,000. This is 2.5 percent below the revised November rate of 1,179,000, but 6.4 percent above the December 2014 estimate of 1,080,000.

Single-family housing starts in December were at a rate of 768,000; this is 3.3 percent below the revised November figure of 794,000. The December rate for units in buildings with five units or more was 365,000.

Privately-owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,232,000. This is 3.9 percent below the revised November rate of 1,282,000, but is 14.4 percent above the December 2014 estimate of 1,077,000.

Single-family authorizations in December were at a rate of 740,000; this is 1.8 percent above the revised November figure of 727,000. Authorizations of units in buildings with five units or more were at a rate of 455,000 in December.

Privately-owned housing completions in December were at a seasonally adjusted annual rate of 1,013,000. This is 5.6 percent above the revised November estimate of 959,000 and is 7.9 percent above the December 2014 rate of 939,000.

Single-family housing completions in December were at a rate of 696,000; this is 8.8 percent above the revised November rate of 640,000. The December rate for units in buildings with five units or more was 307,000.

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