The 2020 Mid-Year Economic Update_long

February Housing Starts Down 5.9% from January

Year over year, housing starts increased 0.2%.
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Privately-owned housing starts in February were at a seasonally adjusted annual rate of 575,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.9% below the revised January estimate of 611,000, but 0.2% above the February 2009 rate of 574,000.

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Single-family housing starts in February were at a rate of 499,000; this is 0.6% below the revised January figure of 502,000. The February rate for units in buildings with five units or more was 58,000.

Privately-owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 612,000. This is 1.6% below the revised January rate of 622,000, but is 11.3% above the February 2009 estimate of 550,000.

Single-family authorizations in February were at a rate of 503,000, 0.2% below the revised January figure of 504,000. Authorizations of units in building with five units or more were at a rate of 89,000 in February.

Privately-owned housing completions in February were at a seasonally adjusted annual rate of 700,000. This is 5.4% above the revised January estimate of 664,000, but is 15.5% below the February 2009 rate of 828,000. Single-family housing completions in February were at a rate of 458,000, 4.3% above the revised January rate of 439,000. The February rate for units in buildings with five units or more was 236,000.

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