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February 26, 2019 13:30 GMT
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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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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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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