Housing Starts Up 0.8 %, But Permits Still Down
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Housing Starts and Building Permits for January 2008 |
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DATE |
CURRENT |
LAST |
% Change |
Download Starts and Permits |
|
Starts |
2/20/2008 |
|
|
1.004M |
+ 0.8% |
|
|
Permits |
|
|
|
1.080M |
- 3.0% |
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Total housing starts increased 0.8 percent in January 2008 to a seasonally adjusted annual rate of 1.012 million, while permits fell 3 percent from December to a 1.048 million rate. Starts of single-family homes dropped 5.2 percent in January to a 743,000 rate, the lowest in 17 years; starts of multifamily units, which include both apartments for-rent as well as condominiums, increased 22 percent to 269,000 following a very weak performance in December.
Read additional information and download data (Excel) for Housing Starts & Permits.
NAHB related press releases:
"Housing Starts Remain Virtually Flat in January" (01/20)
"Builders Remain Cautious as Buyer Traffic Improves in February". (01/19)
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