Housing Completions Move Up in December

 

Single-family housing completions in December were at a rate of 463,000; this is 5.5 percent (???????(R)???????+???????(R)??????oe???????(R)???????+???????(R)????????15.3%)* above the revised November rate of 439,000. The December rate for units in buildings with five units or more was 111,000.

Privately-owned housing completions in December were at a seasonally adjusted annual rate of 585,000. This is 4.1 percent (±17.7%)* above the revised November estimate of 562,000, but is 22.2 percent (±11.3%) below the December 2009 rate of 752,000. Single unit starts declined 6.5 percent in the past year, with 5 or more units decreasing 53 percent over that time.

The West was the region that fared the best with an overall decrease of 16 percent for completions in the past year and decrease of 13.9 percent for single units. The Northeast did the poorest with an overall decline of 31.6 percent and decline of 27.1 percent for single units.

- Courtesy of US Census Bureau