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US Data: New Residential Construction - Summary>

Release for:         December 2018
Source: U.S. Commerce Department
Thousands of units, seasonally adjusted
*Calculations by MNI
                                             yr-ago % chg mo/mo:   % chg
                         Dec-18 Nov-18 Oct-18 Dec-17 Dec-18 Nov-18  y/y:
Housing starts             1078   1214   1209   1210  -11.2    0.4  -10.9
  (previous)                --    1256   1217    --     --     --     --
  Single-family             758    812    863    847   -6.7   -5.9  -10.5
    1-fam % of total       70.3   66.9   71.4   70.0    --     --     --
  Total multi-family*       320    402    346    363  -20.4   16.2  -11.8
    multi-fam % of total   29.7   33.1   28.6   30.0    --     --     --
  Northeast                 107    107     91     88    0.0   17.6   21.6
  Midwest                   125    144    186    170  -13.2  -22.6  -26.5
  South                     630    670    592    594   -6.0   13.2    6.1
  West                      216    293    340    358  -26.3  -13.8  -39.7
Housing starts (unadj)     71.7   92.2  105.7   81.4  -22.2  -12.8  -11.9
Building permits           1326   1322   1265   1320    0.3    4.5    0.5
  Single-family             829    848    847    877   -2.2    0.1   -5.5
    1-fam % of total       62.5   64.1   67.0   66.4    --     --     --
  Total multi-family*       497    474    418    443    4.9   13.4   12.2
    multi-fam % of total   37.5   35.9   33.0   33.6    --     --     --
  Northeast                 110    117    120    144   -6.0   -2.5  -23.6
  Midwest                   145    176    186    220  -17.6   -5.4  -34.1
  South                     688    702    641    589   -2.0    9.5   16.8
  West                      383    327    318    367   17.1    2.8    4.4
Building permits (unadj)   95.4  101.0  112.6   94.8   -5.5  -10.3    0.6
Completions                1097   1128   1111   1197   -2.7    1.5   -8.4
  Single-family             790    789    820    837    0.1   -3.8   -5.6
    1-fam % of total       72.0   69.9   73.8   69.9    --     --     --
  Total multi-family*       307    339    291    360   -9.4   16.5  -14.7
    multi-fam % of total   28.0   30.1   26.2   30.1    --     --     --
Completions (unadj)       103.7   94.7  100.2  113.4    9.5   -5.5   -8.6
Homes Not Started           187    175    168    159    6.9    4.2   17.6
Homes Under Construction   1144   1141   1137   1105    0.3    0.4    3.5
  ** MNI Washington Bureau (202) 371-2121 **
[TOPICS: MAUDA$,MAUH0$]

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