Housing Starts Up 23.6% in January - Modern Distribution Management

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Housing Starts Up 23.6% in January

At an annual rate of 890,000, January starts were 8.5 percent below December.
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Privately-owned housing starts in January were at a seasonally adjusted annual rate of 890,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8.5 percent below December but 23.6 percent above January 2012.

Single-family housing starts in January were 613,000, 0.8 percent above the revised December figure of 608,000. The January rate for units in buildings with five units or more was 260,000.

Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 925,000. This is 1.8 percent above the revised December rate of 909,000 and is 35.2 percent above the January 2012 estimate of 684,000.

Single-family authorizations in January were 584,000, 1.9 percent above the revised December figure of 573,000. Authorizations of units in buildings with five units or more were 311,000 in January.

Privately-owned housing completions in January were at a seasonally adjusted annual rate of 724,000. This is 6 percent above the revised December estimate of 683,000 and is 33.6 percent above the January 2012 rate of 542,000.

Single-family housing completions in January were 565,000; this is 7 percent above the revised December rate of 528,000. The January rate for units in buildings with five units or more was 152,000.

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