U.S.: Building Permits up 8.1% in January 2015

Source:
Census Bureau
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The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for January 2015:

BUILDING PERMITS

Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,053,000. This is 0.7 percent (±0.6%) below the revised December rate of 1,060,000, but is 8.1 percent (±2.0%) above the January 2014 estimate of 974,000. Single-family authorizations in January were at a rate of 654,000; this is 3.1 percent (±0.9%) below the revised December figure of 675,000. Authorizations of units in buildings with five units or more were at a rate of 372,000 in January.

HOUSING STARTS

Privately-owned housing starts in January were at a seasonally adjusted annual rate of 1,065,000. This is 2.0 percent (±10.4%) below the revised December estimate of 1,087,000, but is 18.7 percent (±14.5%) above the January 2014 rate of 897,000. Single-family housing starts in January were at a rate of 678,000; this is 6.7 percent (±10.6%)* below the revised December figure of 727,000. The January rate for units in buildings with five units or more was 381,000.

HOUSING COMPLETIONS

Privately-owned housing completions in January were at a seasonally adjusted annual rate of 930,000. This is 1.3 percent (±7.4%) above the revised December estimate of 918,000 and is 9.4 percent (±10.4%)* above the January 2014 rate of 850,000. Single-family housing completions in January were at a rate of 649,000; this is 2.3 percent (±7.0%)* below the revised December rate of 664,000. The January rate for units in buildings with five units or more was 274,000.

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