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US Data: New Residential Construction - Summary> 

Release for:         February 2019
Source: U.S. Commerce Department
Thousands of units, seasonally adjusted
*Calculations by MNI
                                             yr-ago % chg mo/mo:   % chg
                         Feb-19 Jan-19 Dec-18 Feb-18 Feb-19 Jan-19  y/y:
Housing starts             1162   1273   1140   1290   -8.7   11.7   -9.9
  (previous)                --    1230   1037    --     --     --     --
  Single-family             805    970    814    900  -17.0   19.2  -10.6
    1-fam % of total       69.3   76.2   71.4   69.8    --     --     --
  Total multi-family*       357    303    326    390   17.8   -7.1   -8.5
    multi-fam % of total   30.7   23.8   28.6   30.2    --     --     --
  Northeast                  98    139    111    132  -29.5   25.2  -25.8
  Midwest                   161    127    137    154   26.8   -7.3    4.5
  South                     663    711    656    615   -6.8    8.4    7.8
  West                      240    296    236    389  -18.9   25.4  -38.3
Housing starts (unadj)     81.3   85.1   76.0   89.7   -4.5   12.0   -9.4
Building permits           1296   1317   1326   1323   -1.6   -0.7   -2.0
  Single-family             821    821    829    886    0.0   -1.0   -7.3
    1-fam % of total       63.3   62.3   62.5   67.0    --     --     --
  Total multi-family*       475    496    497    437   -4.2   -0.2    8.7
    multi-fam % of total   36.7   37.7   37.5   33.0    --     --     --
  Northeast                 137    135    110    145    1.5   22.7   -5.5
  Midwest                   188    186    145    192    1.1   28.3   -2.1
  South                     683    657    688    617    4.0   -4.5   10.7
  West                      288    339    383    369  -15.0  -11.5  -22.0
Building permits (unadj)   90.2   94.4   95.4   92.1   -4.4   -1.0   -2.1
Completions                1303   1247   1063   1289    4.5   17.3    1.1
  Single-family             816    907    772    882  -10.0   17.5   -7.5
    1-fam % of total       62.6   72.7   72.6   68.4    --     --     --
  Total multi-family*       487    340    291    407   43.2   16.8   19.7
    multi-fam % of total   37.4   27.3   27.4   31.6    --     --     --
Completions (unadj)        90.4   86.9   99.6   88.6    4.0  -12.8    2.0
Homes Not Started           195    198    194    160   -1.5    2.1   21.9
Homes Under Construction   1148   1159   1153   1119   -0.9    0.5    2.6
  ** MNI Washington Bureau (202) 371-2121 **
[TOPICS: MAUDA$,MAUH0$]
USData StoriesImpactDataData Tabledata-HeadlineHeadlineFixed Income BulletsForeign Exchange BulletsRegionNorth America
USData StoriesImpactDataData Tabledata-HeadlineHeadlineFixed Income BulletsForeign Exchange BulletsRegionNorth America
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