US Data: New Residential Construction - Summary>

Release for: December 2017

Source: U.S. Commerce Department

Thousands of units, seasonally adjusted

*Calculations by MNI

                                             yr-ago % chg mo/mo:   % chg

                         Dec-17 Nov-17 Oct-17 Dec-16 Dec-17 Nov-17  y/y:

Housing starts             1192   1299   1261   1268   -8.2    3.0   -6.0

  (previous)                --    1297   1256    --     --     --     --

  Single-family             836    948    887    808  -11.8    6.9    3.5

    1-fam % of total       70.1   73.0   70.3   63.7    --     --     --

  Total multi-family*       356    351    374    460    1.4   -6.1  -22.6

    multi-fam % of total   29.9   27.0   29.7   36.3    --     --     --

  Northeast                  88     92    145     89   -4.3  -36.6   -1.1

  Midwest                   178    182    200    222   -2.2   -9.0  -19.8

  South                     582    678    613    566  -14.2   10.6    2.8

  West                      344    347    303    391   -0.9   14.5  -12.0

Housing starts (unadj)     80.3   98.1  109.6   86.5  -18.1  -10.5   -7.2

Building permits           1302   1303   1316   1266   -0.1   -1.0    2.8

  Single-family             881    865    850    830    1.8    1.8    6.1

    1-fam % of total       67.7   66.4   64.6   65.6    --     --     --

  Total multi-family*       421    438    466    436   -3.9   -6.0   -3.4

    multi-fam % of total   32.3   33.6   35.4   34.4    --     --     --

  Northeast                 163    114    122    131   43.0   -6.6   24.4

  Midwest                   199    183    193    187    8.7   -5.2    6.4

  South                     579    651    633    604  -11.1    2.8   -4.1

  West                      361    355    368    344    1.7   -3.5    4.9

Building permits (unadj)   93.2   97.0  114.0   94.8   -3.9  -14.9   -1.7

Completions                1177   1152   1184   1096    2.2   -2.7    7.4

  Single-family             818    784    794    765    4.3   -1.3    6.9

    1-fam % of total       69.5   68.1   67.1   69.8    --     --     --

  Total multi-family*       359    368    390    331   -2.4   -5.6    8.5

    multi-fam % of total   30.5   31.9   32.9   30.2    --     --     --

Completions (unadj)       111.7   96.2  106.9  103.6   16.1  -10.0    7.8

Homes Not Started           154    152    154    139    1.3   -1.3   10.8

Homes Under Construction   1113   1105   1098   1062    0.7    0.6    4.8

  ** MNI Washington Bureau (202) 371-2121 **

[TOPICS: MAUDA$,MAUH0$]