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Housing Completions Decline in January03-10-11 | News

Housing Completions Decline in January




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Single-family housing completions in January were at a rate of 428,000; this is 7 percent (???????(R)???????+???????(R)??????oe???????(R)???????+???????(R)????????7 percent)* below the revised December rate of 460,000. The January rate for units in buildings with five units or more was 77,000.
Courtesy of Mortgage News Daily


Privately-owned housing completions in January were at a seasonally adjusted annual rate of 512,000. This is 9.5 percent (???????(R)???????+???????(R)??????oe???????(R)???????+???????(R)????????6.3 percent) below the revised December estimate of 566,000 and is 22.7 percent (???????(R)???????+???????(R)??????oe???????(R)???????+???????(R)????????8.3 percent) below the January 2010 rate of 662,000. With building permits and housing starts at a sluggish pace, it?EUR??,,????'?????<

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