The 2020 Mid-Year Economic Update_long

Housing Starts in December Up 37% YOY

The December 2012 rate is 12 percent above the prior month.

Privately-owned housing starts in December were at a seasonally adjusted annual rate of 954,000, 12.1 percent above November and 36.9 percent above December 2011, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

Single-family housing starts in December were 616,000, 8.1 percent above the November figure of 570,000. The December rate for units in buildings with five units or more was 330,000.

Building Permits
Privately-owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 903,000. This is 0.3 percent above November 2012 and 28.8 percent above December 2011.

Single-family authorizations in December were 578,000, 1.8 percent above November.  Authorizations of units in buildings with five units or more were 301,000 in December.

Housing Completions
Privately-owned housing completions in December were at a seasonally adjusted annual rate of 686,000. This is 1.6 percent above November and 13.2 percent above December 2011.

Single-family housing completions in December were 535,000, 3.7 percent above November. The December rate for units in buildings with five units or more was 144,000.

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