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New Residential Construction

New Residential Construction

Building permits in January 2015 were at a seasonally adjusted annual rate (SAAR) of 1,053,000, down 0.7 percent from the revised December rate but up 8.1 percent from January 2014.

Housing starts in January 2015 were at a SAAR of 1,065,000, down 2.0 percent from December but up 18.7 percent from January 2014.

New Residential Construction

Privately-owned housing starts in September 2014 were at a seasonally adjusted annual rate of 1,017,000. This is 6.3 percent (+/- 9.3%)* above the revised August 2014 estimate of 957,000.

Economic Indicator: Diminishing Housing Inventory a Sign of Recovering Market

Yesterday, the U.S. Census Bureau released data on new housing starts and building permits. Inventory is an important component of the construction data and recently, as the market has been recovering and completed homes have been selling relatively fast, the aggregate new housing inventory has been declining to some of the lowest levels on record.

Statement by Acting U.S. Commerce Secretary Rebecca Blank on New Residential Construction in July 2012

WASHINGTON, D.C. – The Commerce Department’s U.S. Census Bureau today released new residential construction data for July 2012. Permits for new housing units were up 6.8 percent from June and up 29.5 percent from July 2011. Housing starts for July 2012 were down 1.1 percent from June, but up 21.5 percent from July 2011.

Statement by Acting U.S. Commerce Secretary Rebecca Blank on New Residential Construction in June 2012

WASHINGTON - The Commerce Department's U.S. Census Bureau today released June 2012 data on new residential construction. Housing starts in June 2012 were at a seasonally adjusted annual rate of 760,000, up 6.9 percent from May’s revised estimate and up 23.6 percent from June 2011. Starts of multifamily structures increased 12.8%, and single-family starts rose 4.7%. Building permits for the month were at a seasonally adjusted annual rate of 755,000, down 3.7 percent from the revised May rate but up 19.3 percent from one year earlier.

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