The 2020 Mid-Year Economic Update_long

Housing Starts Decrease 2% in January

Privately owned housing starts up 8.1 percent year-over-year.

Privately owned housing starts in January were at a seasonally adjusted annual rate of 1,065,000, according to the U.S. Census Bureau and the Department of Housing and Development. This is 2 percent below the revised December estimate of 1,087,000, but is 18.7 percent above the January 2014 rate of 897,000.

Single-family housing starts in January were at a rate of 678,000; this is 6.7 percent below the revised December figure of 727,000. The January rate for units in buildings with five units or more was 381,000.

Privately owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,053,000. This is 0.7 percent below the revised December rate of 1,060,000, but is 8.1 percent above the January 2014 estimate of 974,000.

Single-family authorizations in January were at a rate of 654,000; this is 3.1 percent below the revised December figure of 675,000. Authorizations of units in buildings with five units or more were at a rate of 372,000 in January.

Privately owned housing completions in January were at a seasonally adjusted annual rate of 930,000. This is 1.3 percent above the revised December estimate of 918,000 and is 9.4 percent above the January 2014 rate of 850,000.

Single-family housing completions in January were at a rate of 649,000; this is 2.3 percent below the revised December rate of 664,000. The January rate for units in buildings with five units or more was 274,000.

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