Housing Starts
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 510,000. This is 10.8 percent (????????11.6 percent) below the revised February estimate of 572,000 and is 48.4 percent (????????5.9 percent) below the March 2008 rate of 988,000.

Single-family housing starts in March were at a rate of 358,000; this is unchanged (????????16.2 percent) from the revised February figure of 358,000. The March rate for units in buildings with five units or more was 116,000.

Housing Completions
Privately-owned housing completions in March were at a seasonally adjusted annual rate of 824,000. This is 3.5 percent (????????12.7 percent) above the revised February estimate of 796,000, but is 30.9 percent (????????8.4 percent) below the March 2008 rate of 1,192,000.

Single-family housing completions in March were at a rate of 550,000; this is 5.0 percent (????????15.9 percent) above the revised February figure of 524,000. The March rate for units in buildings with five units or more was 263,000.

New Residential Sales
Sales of new one-family houses in February were at a seasonally adjusted annual rate of 337,000. This is 4.7 percent (????????18.3 percent) above the revised January rate of 322,000, but is 41.1 percent (????????7.9 percent) below the February 2008 estimate of 572,000.

The median sales price of new houses sold in February 2009 was $200,900; the average sales price was $251,000. The seasonally adjusted estimate of new houses for sale at the end of February was 330,000. This represents a supply of 12.2 months at the current sales rate. ?EUR??,,????'??? Courtesy of U.S. Census Bureau and the Department of Housing and Urban Development