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March 08, 2019 13:30 GMT
US Data: New Residential Construction - Summary>
Release for: January 2019
Source: U.S. Commerce Department
Thousands of units, seasonally adjusted
*Calculations by MNI
yr-ago % chg mo/mo: % chg
Jan-19 Dec-18 Nov-18 Jan-18 Jan-19 Dec-18 y/y:
Housing starts 1230 1037 1206 1334 18.6 -14.0 -7.8
(previous) -- 1078 1214 -- -- -- --
Single-family 926 740 808 886 25.1 -8.4 4.5
1-fam % of total 75.3 71.4 67.0 66.4 -- -- --
Total multi-family* 304 297 398 448 2.4 -25.4 -32.1
multi-fam % of total 24.7 28.6 33.0 33.6 -- -- --
Northeast 149 94 110 116 58.5 -14.5 28.4
Midwest 116 123 144 145 -5.7 -14.6 -20.0
South 700 615 666 684 13.8 -7.7 2.3
West 265 205 286 389 29.3 -28.3 -31.9
Housing starts (unadj) 82.6 68.4 91.2 91.6 20.8 -25.0 -9.8
Building permits 1345 1326 1322 1366 1.4 0.3 -1.5
Single-family 812 829 848 870 -2.1 -2.2 -6.7
1-fam % of total 60.4 62.5 64.1 63.7 -- -- --
Total multi-family* 533 497 474 496 7.2 4.9 7.5
multi-fam % of total 39.6 37.5 35.9 36.3 -- -- --
Northeast 139 110 117 115 26.4 -6.0 20.9
Midwest 193 145 176 176 33.1 -17.6 9.7
South 664 688 702 697 -3.5 -2.0 -4.7
West 349 383 327 378 -8.9 17.1 -7.7
Building permits (unadj) 96.9 95.4 101.0 96.7 1.6 -5.5 0.2
Completions 1244 975 1101 1218 27.6 -11.4 2.1
Single-family 914 702 773 859 30.2 -9.2 6.4
1-fam % of total 73.5 72.0 70.2 70.5 -- -- --
Total multi-family* 330 273 328 359 20.9 -16.8 -8.1
multi-fam % of total 26.5 28.0 29.8 29.5 -- -- --
Completions (unadj) 86.8 90.7 91.9 84.0 -4.3 -1.3 3.3
Homes Not Started 203 199 181 163 2.0 9.9 24.5
Homes Under Construction 1157 1152 1145 1117 0.4 0.6 3.6
** 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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