Housing Market Climb Eases Pace Over Holidays
January 2013 figures show single family permits up 1.9 percent and starts up 0.8 percent over December.
BUILDING PERMITS
Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 925,000. This is 1.8 percent (±0.9%) above the revised December rate of 909,000 and is 35.2 percent (±1.5%) above the January 2012 estimate of 684,000.
Single-family authorizations in January were at a rate of 584,000; this is 1.9 percent (±0.8%) above the revised December figure of 573,000. Authorizations of units in buildings with five units or more were at a rate of 311,000 in January.
HOUSING STARTS
Privately-owned housing starts in January were at a seasonally adjusted annual rate of 890,000. This is 8.5 percent (±11.3%)* below the revised December estimate of 973,000, but is 23.6 percent (±13.4%) above the January 2012 rate of 720,000.
Single-family housing starts in January were at a rate of 613,000; this is 0.8 percent (±11.7%)* above the revised December figure of 608,000. The January rate for units in buildings with five units or more was 260,000.
HOUSING COMPLETIONS
Privately-owned housing completions in January were at a seasonally adjusted annual rate of 724,000. This is 6.0 percent (±7.2%)* above the revised December estimate of 683,000 and is 33.6 percent (±17.1%) above the January 2012 rate of 542,000.
Single-family housing completions in January were at a rate of 565,000; this is 7.0 percent (±8.1%)* above the revised December rate of 528,000. The January rate for units in buildings with five units or more was 152,000.
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