January Sees an Increase in Housing Starts

 

For new privately-owned housing unit starts from January 2009 to January 2010, the national total went up 21.1 percent, seasonally adjusted. One unit structures went up 35.6 percent, while 5 or more units decreased by 15.3 percent. - Photo Courtesy of Arch City Homes

Privately-owned housing starts in January were at a seasonally adjusted annual rate of 591,000. This is 2.8 percent (???????(R)???????+???????(R)??????oe???????(R)???????+???????(R)????????11.5%)* above the revised December estimate of 575,000 and is 21.1 percent (???????(R)???????+???????(R)??????oe???????(R)???????+???????(R)????????12.3%) above the January 2009 rate of 488,000.

Single-family housing starts in January were at a rate of 484,000; this is 1.5 percent (???????(R)???????+???????(R)??????oe???????(R)???????+???????(R)????????11.3%)* above the revised December figure of
477,000. The January rate for units in buildings with five units or more was 100,000.

The best region of the country was the Northeast, which saw an overall increase of 73.7 percent, with 82.1 percent for one units. The West fared the poorest, with an overall decrease of 11.6 percent and increase of 21.7 percent for one units. Single unit structures seem to be the trend in a recovery economy. – Courtesy of US Census Bureau