Housing Starts Decline in December

 

Single-family housing starts in December were at a rate of 417,000; this is 9.0 percent (???????(R)???????+???????(R)??????oe???????(R)???????+???????(R)????????11.7%)* below the revised November figure of 458,000. The December rate for units in buildings with five units or more was 102,000.

Privately-owned housing starts in December were at a seasonally adjusted annual rate of 529,000.  This is 4.3 percent (±14.1%)* below the revised November estimate of 553,000 and is 8.2 percent (±14.4%)* below the December 2009 rate of 576,000. Single unit starts declined 8.2 percent in the past year, but 5 or more units improved 30.8 percent over that time.

The West was the region that fared the best with an overall increase of 28.4 percent for starts in the past year and increase of 1.1 percent for single units. The Midwest did the poorest with an overall decline of 26.6 percent and decline of 33.3 percent for single units.

– Courtesy of U.S. Census Bureau