February Housing Starts Up 27.7% Year-Over-Year - Modern Distribution Management

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February Housing Starts Up 27.7% Year-Over-Year

Housing starts tick up slightly from January rate.
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Privately-owned housing starts in February were at a seasonally adjusted annual rate of 917,000, 0.8 percent above January and 27.7 percent above February 2012, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

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Single-family housing starts in February were at a rate of 618,000, 0.5 percent above January. The February rate for units in buildings with five units or more was 285,000.

Privately-owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 946,000. This is 4.6 percent above January and 33.8 percent above February 2012.

Single-family authorizations in February were at a rate of 600,000, 2.7 percent above the revised January figure. Authorizations of units in buildings with five units or more were at a rate of 316,000 in February.

Privately-owned housing completions in February were at a seasonally adjusted annual rate of 711,000. This is 0.6 percent below January, but 24.3 percent above February 2012. Single-family housing completions in February were at a rate of 574,000, 3.6 percent above the revised January rate.

The February rate for units in buildings with five units or more was 130,000.

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