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US Data: New Residential Construction - Summary>

Release for: January 2018
Source: U.S. Commerce Department
Thousands of units, seasonally adjusted
*Calculations by MNI
                                             yr-ago % chg mo/mo:   % chg
                         Jan-18 Dec-17 Nov-17 Jan-17 Jan-18 Dec-17  y/y:
Housing starts             1326   1209   1299   1236    9.7   -6.9    7.3
  (previous)                --    1192   1299    --     --     --     --
  Single-family             877    846    946    815    3.7  -10.6    7.6
    1-fam % of total       66.1   70.0   72.8   65.9    --     --     --
  Total multi-family*       449    363    353    421   23.7    2.8    6.7
    multi-fam % of total   33.9   30.0   27.2   34.1    --     --     --
  Northeast                 128     88     93    125   45.5   -5.4    2.4
  Midwest                   150    167    179    202  -10.2   -6.7  -25.7
  South                     655    599    675    678    9.3  -11.3   -3.4
  West                      393    355    352    231   10.7    0.9   70.1
Housing starts (unadj)     90.1   81.3   97.9   82.3   10.8  -17.0    9.5
Building permits           1396   1300   1303   1300    7.4   -0.2    7.4
  Single-family             866    881    865    806   -1.7    1.8    7.4
    1-fam % of total       62.0   67.8   66.4   62.0    --     --     --
  Total multi-family*       530    419    438    494   26.5   -4.3    7.3
    multi-fam % of total   38.0   32.2   33.6   38.0    --     --     --
  Northeast                 123    148    114    153  -16.9   29.8  -19.6
  Midwest                   189    214    183    198  -11.7   16.9   -4.5
  South                     706    579    651    653   21.9  -11.1    8.1
  West                      378    359    355    296    5.3    1.1   27.7
Building permits (unadj)   98.1   93.1   97.0   87.3    5.4   -4.0   12.4
Completions                1166   1188   1138   1083   -1.9    4.4    7.7
  Single-family             850    832    778    802    2.2    6.9    6.0
    1-fam % of total       72.9   70.0   68.4   74.1    --     --     --
  Total multi-family*       316    356    360    281  -11.2   -1.1   12.5
    multi-fam % of total   27.1   30.0   31.6   25.9    --     --     --
Completions (unadj)        79.7  113.3   95.1   74.6  -29.7   19.1    6.8
Homes Not Started           158    157    152    143    0.6    3.3   10.5
Homes Under Construction   1120   1110   1105   1071    0.9    0.5    4.6
  ** MNI Washington Bureau (202) 371-2121 **
[TOPICS: MAUDA$,MAUH0$]

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