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ECON: Housing Starts Weaker, But Permits, Single Family Higher
Posted to: Micro News
Wednesday, February 20, 2013 8:40 AM

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- Headline Starts -8.5 vs +15.7 last time
- 890k Unit rate vs 925k Consensus
- Permits 925k vs 915k Consensus
- Single-Fam Starts +0.8 to 613k. Highest since June 2008

Privately-owned housing starts in January were at a seasonally adjusted annual rate of 890,000. This is 8.5 percent (±11.3%)* below the revised December estimate of 973,000, but is 23.6 percent (±13.4%) above the January 2012 rate of 720,000.

Single-family housing starts in January were at a rate of 613, 000; this is 0.8 percent (±11.7%)* above the revised December fig ure of 608,000. The January rate for units in buildings with five units or more was 260,000

Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 925,000. This is 1.8 percent (±0.9%) above the revised D ecember rate of 909,000 and is 35.2 percent (±1.5%) above the January 2012 estimate of 684,000.

Single-family authorizations in January were at a rate of 584, 000; this is 1.9 percent (±0.8%) above the revised December figur e of 573,000. Authorizations of units in buildings with five units or more were at a rate of 311,000 in January.




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