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US Data: New Residential Construction - Summary>

Release for:         October 2018
Source: U.S. Commerce Department
Thousands of units, seasonally adjusted
*Calculations by MNI
                                             yr-ago % chg mo/mo:   % chg
                         Oct-18 Sep-18 Aug-18 Oct-17 Oct-18 Sep-18  y/y:
Housing starts             1228   1210   1280   1265    1.5   -5.5   -2.9
  (previous)                --    1201   1268    --     --     --     --
  Single-family             865    881    890    888   -1.8   -1.0   -2.6
    1-fam % of total       70.4   72.8   69.5   70.2    --     --     --
  Total multi-family*       363    329    390    377   10.3  -15.6   -3.7
    multi-fam % of total   29.6   27.2   30.5   29.8    --     --     --
  Northeast                  87    132     99    145  -34.1   33.3  -40.0
  Midwest                   210    158    187    200   32.9  -15.5    5.0
  South                     596    569    657    617    4.7  -13.4   -3.4
  West                      335    351    337    303   -4.6    4.2   10.6
Housing starts (unadj)    107.3  106.9  113.8  109.6    0.4   -6.1   -2.1
Building permits           1263   1270   1249   1343   -0.6    1.7   -6.0
  Single-family             849    854    827    854   -0.6    3.3   -0.6
    1-fam % of total       67.2   67.2   66.2   63.6    --     --     --
  Total multi-family*       414    416    422    489   -0.5   -1.4  -15.3
    multi-fam % of total   32.8   32.8   33.8   36.4    --     --     --
  Northeast                 115     95    102    121   21.1   -6.9   -5.0
  Midwest                   187    171    190    197    9.4  -10.0   -5.1
  South                     648    664    650    647   -2.4    2.2    0.2
  West                      313    340    307    378   -7.9   10.7  -17.2
Building permits (unadj)  112.5   99.4  116.9  116.3   13.2  -15.0   -3.3
Completions                1111   1149   1230   1188   -3.3   -6.6   -6.5
  Single-family             832    842    939    798   -1.2  -10.3    4.3
    1-fam % of total       74.9   73.3   76.3   67.2    --     --     --
  Total multi-family*       279    307    291    390   -9.1    5.5  -28.5
    multi-fam % of total   25.1   26.7   23.7   32.8    --     --     --
Completions (unadj)        99.9  100.7  113.9  106.9   -0.8  -11.6   -6.5
Homes Not Started           170    168    167    154    1.2    0.6   10.4
Homes Under Construction   1137   1131   1125   1097    0.5    0.5    3.6
  ** MNI Washington Bureau (202) 371-2121 **
[TOPICS: MAUDA$,MAUH0$]

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