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US Data: New Residential Construction - Summary>

Release for:         August 2018
Source: U.S. Commerce Department
Thousands of units, seasonally adjusted
*Calculations by MNI
                                             yr-ago % chg mo/mo:   % chg
                         Aug-18 Jul-18 Jun-18 Aug-17 Aug-18 Jul-18  y/y:
Housing starts             1282   1174   1177   1172    9.2   -0.3    9.4
  (previous)                --    1168   1158    --     --     --     --
  Single-family             876    860    851    878    1.9    1.1   -0.2
    1-fam % of total       68.3   73.3   72.3   74.9    --     --     --
  Total multi-family*       406    314    326    294   29.3   -3.7   38.1
    multi-fam % of total   31.7   26.7   27.7   25.1    --     --     --
  Northeast                  99     99    104    107    0.0   -4.8   -7.5
  Midwest                   191    175    164    170    9.1    6.7   12.4
  South                     674    633    564    586    6.5   12.2   15.0
  West                      318    267    345    309   19.1  -22.6    2.9
Housing starts (unadj)    113.4  110.9  112.0  102.6    2.3   -1.0   10.5
Building permits           1229   1303   1292   1300   -5.7    0.9   -5.5
  Single-family             820    873    853    803   -6.1    2.3    2.1
    1-fam % of total       66.7   67.0   66.0   61.8    --     --     --
  Total multi-family*       409    430    439    497   -4.9   -2.1  -17.7
    multi-fam % of total   33.3   33.0   34.0   38.2    --     --     --
  Northeast                 101    125    119    109  -19.2    5.0   -7.3
  Midwest                   178    181    173    189   -1.7    4.6   -5.8
  South                     646    665    670    634   -2.9   -0.7    1.9
  West                      304    332    330    368   -8.4    0.6  -17.4
Building permits (unadj)  114.8  113.0  121.6  122.1    1.6   -7.1   -6.0
Completions                1213   1183   1216   1091    2.5   -2.7   11.2
  Single-family             923    827    867    751   11.6   -4.6   22.9
    1-fam % of total       76.1   69.9   71.3   68.8    --     --     --
  Total multi-family*       290    356    349    340  -18.5    2.0  -14.7
    multi-fam % of total   23.9   30.1   28.7   31.2    --     --     --
Completions (unadj)       111.7  100.0  108.6  102.1   11.7   -7.9    9.4
Homes Not Started           166    170    163    149   -2.4    4.3   11.4
Homes Under Construction   1131   1122   1120   1081    0.8    0.2    4.6
  ** MNI Washington Bureau (202) 371-2121 **
[TOPICS: MAUDA$,MAUH0$]

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