The 2020 Mid-Year Economic Update_long

March Housing Starts 2.8% Up From February

Year-over-year, housing starts down 5.9% in March.

Privately-owned housing starts in March were at a seasonally adjusted annual rate of 946,000. This is 2.8 percent above the revised February estimate of 920,000 and 5.9 percent below the March 2013 rate of 1,005,000.

Single-family housing starts in March were at a rate of 635,000; this is 0.5 percent above the revised February figure of 599,000. The March rate for units in buildings with five units or more was 292,000.

Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 999,000. This is 2.4 percent below the revised February rate of 1,014,000, but is 11.2 percent above the March 2013 estimate of 890,000.

Single-family authorizations in March were at a rate of 592,000; this is 0.5 percent above the revised February figure of 589,000. Authorizations of units in buildings with five units or more was at a rate of 370,000 in February.

Privately-owned housing completions in March were at a seasonally adjusted annual rate of 872,000. This is 0.2 percent below the revised February estimate of 874,000 but is 7.7 percent above the March 2013 rate of 810,000.

Single-family housing completions in March were at a rate of 602,000; this is 3.8 percent above the revised February rate of 626,000. The March rate for units in buildings with five units or more was 258,000.

For more detail, download the PDF below.

Click Here

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.