Housing Completions on the Downside

 

Single-family housing completions in March were at a rate of 486,000; this is 5.9 percent (???????(R)???????+???????(R)??????oe???????(R)???????+???????(R)????????14.6 percent) above the revised February rate of 459,000. The March rate for units in buildings with five units or more was 161,000.

Privately-owned housing completions in March were at a seasonally adjusted annual rate of 656,000. This is 3.1 percent (???????(R)???????+???????(R)??????oe???????(R)???????+???????(R)????????16.7 percent) below the revised February estimate of 677,000 and is 21.2 percent (???????(R)???????+???????(R)??????oe???????(R)???????+???????(R)????????8.9 percent) below the March 2009 rate of 833,000.

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