The 2020 Mid-Year Economic Update_long

January Housing Starts Down 16% from December

Year-over-year, housing starts down 2% in January.

Privately-owned housing starts in January were at a seasonally adjusted annual rate of 880,000. This is 16 percent below the revised December estimate of 1,048,000 and 2 percent below the January 2013 rate of 898,000.

Single-family housing starts in January were at a rate of 573,000; this is 15.9 percent below the revised December figure of 681,000. The January rate for units in buildings with five units or more was 300,000.

Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 937,000. This is 5.4 percent below the revised December rate of 991,000, but is 2.4 percent above the January 2013 estimate of 915,000.

Single-family authorizations in January were at a rate of 602,000; this is 1.3 percent below the revised December figure of 610,000. Authorizations of units in buildings with five units or more was at a rate of 309,000 in January.

Privately-owned housing completions in January were at a seasonally adjusted annual rate of 814,000. This is 4.6 percent above the revised December estimate of 778,000 and is 13.1 percent above the January 2013 rate of 720,000.

Single-family housing completions in January were at a rate of 580,000; this is 3 percent above the revised December rate of 563,000. The January rate for units in buildings with five units or more was 220,000.

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