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US Data: New Residential Construction - Summary>
Release for: March 2018
Source: U.S. Commerce Department
Thousands of units, seasonally adjusted
*Calculations by MNI
yr-ago % chg mo/mo: % chg
Mar-18 Feb-18 Jan-18 Mar-17 Mar-18 Feb-18 y/y:
Housing starts 1319 1295 1339 1189 1.9 -3.3 10.9
(previous) -- 1236 1329 -- -- -- --
Single-family 867 900 899 824 -3.7 0.1 5.2
1-fam % of total 65.7 69.5 67.1 69.3 -- -- --
Total multi-family* 452 395 440 365 14.4 -10.2 23.8
multi-fam % of total 34.3 30.5 32.9 30.7 -- -- --
Northeast 132 131 115 116 0.8 13.9 13.8
Midwest 180 147 145 139 22.4 1.4 29.5
South 621 625 694 633 -0.6 -9.9 -1.9
West 386 392 385 301 -1.5 1.8 28.2
Housing starts (unadj) 106.9 90.2 91.6 97.1 18.5 -1.5 10.1
Building permits 1354 1321 1377 1260 2.5 -4.1 7.5
Single-family 840 889 877 826 -5.5 1.4 1.7
1-fam % of total 62.0 67.3 63.7 65.6 -- -- --
Total multi-family* 514 432 500 434 19.0 -13.6 18.4
multi-fam % of total 38.0 32.7 36.3 34.4 -- -- --
Northeast 138 146 118 136 -5.5 23.7 1.5
Midwest 205 188 178 192 9.0 5.6 6.8
South 632 619 701 623 2.1 -11.7 1.4
West 379 368 380 309 3.0 -3.2 22.7
Building permits (unadj) 115.3 92.1 96.7 112.5 25.2 -4.8 2.5
Completions 1217 1282 1215 1194 -5.1 5.5 1.9
Single-family 840 881 865 810 -4.7 1.8 3.7
1-fam % of total 69.0 68.7 71.2 67.8 -- -- --
Total multi-family* 377 401 350 384 -6.0 14.6 -1.8
multi-fam % of total 31.0 31.3 28.8 32.2 -- -- --
Completions (unadj) 93.6 88.1 84.0 92.0 6.2 4.9 1.7
Homes Not Started 156 159 161 138 -1.9 -1.2 13.0
Homes Under Construction 1125 1122 1117 1074 0.3 0.4 4.7
** MNI Washington Bureau (202) 371-2121 **
[TOPICS: MAUDA$,MAUH0$]
To read the full story
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Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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