Construction of new homes in U.S. continued to grow in December
Housing Starts U.S. Economic Indicators
In December U.S. housing starts soared by 7.9 % on the seasonally adjusted basis to annual rate of 1,669,000 units, an increase of 122,000 units from 1,547,000 in November, reported by the Department of Housing and Urban Development. Most of December´s growth took place in the Midwest and it was concentrated in single-family buildings.
New building grew 28.1 % in the Midwest while the construction of single-family units increased 12.8 % to 1,338,000 units.
Housing normally has a wide-ranging influence on the rest of the economy because so many raw materials and finished goods are required to build homes and furnish them after sale.
Despite recent growth, new construction of homes is still below the average level of 1,198,786 units.Building permits have increased by smaller rate than a month ago, building permits soared by 4.3 % or 70,000 units to an annual rate of 1,669,000 units, from 1,547,000 in November on the seasonally adjusted basis Most of December´s growth took place in the Midwest and it was concentrated in single-family buildings.
The demand for building permits grew 14.6 % in the Midwest while the construction of single-family units increased 7.3 % to 1,338,000 units.
Many economists consider single-family permits to be the most important number in the government's release. Compare to a year ago monthly building permits soared by 20.7 %
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Over the last 12 months, Construction of new homes in U.S. soared by 3.8 %, as housing starts in the West 10.2 % led the increase.
|
| Permits By Region |
- In Northeast
housing units were authorized at seasonally adjusted annual rate of 141,000
units, an
decrease of 8,000
units,
or -5.37 % from 149,000
units Nov. 2020 and an
increase of 5.22 % from 134,000
units Dec. 2019.
- In
Midwest housing units were authorized at seasonally
adjusted annual rate of 251,000
units, an
increase of
32,000
units,
or
14.61 % from 219,000
units Nov. 2020 and an
increase of
21.26 % from 207,000
units Dec. 2019.
- In
West housing units were authorized at seasonally adjusted
annual rate of 438,000
units, an
increase of
35,000
units,
or
8.68 % from 403,000
units Nov. 2020 and an
increase of
13.18 % from 387,000
units Dec. 2019.
|
- In
South housing units were authorized at seasonally adjusted annual rate of 879,000
units, an
increase of 11,000
units,
or 1.27 % from 868,000
units Nov. 2020 and an
increase of 27.76 % from 688,000
units Dec. 2019.
|
New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), units) |
Dec. 2020
prel. |
Nov. 2020
prel. |
Oct. 2020
prel. |
Sep. 2020
prel. |
Aug. 2020
prel. |
| Total |
|
1,709,000 |
1,639,000 |
1,545,000 |
1,553,000 |
1,470,000 |
| In structures Single-family units |
|
1,226,000 |
1,143,000 |
1,120,000 |
1,119,000 |
1,036,000 |
| In structures with 2 - 4 units |
|
46,000 |
55,000 |
60,000 |
44,000 |
53,000 |
| In structures with 5 units or more |
|
437,000 |
441,000 |
365,000 |
390,000 |
381,000 |
| Northeast |
|
141,000 |
149,000 |
134,000 |
151,000 |
119,000 |
| Midwest |
|
251,000 |
219,000 |
213,000 |
206,000 |
188,000 |
| South |
|
879,000 |
868,000 |
821,000 |
814,000 |
795,000 |
| West |
|
438,000 |
403,000 |
377,000 |
382,000 |
368,000 |
New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), in M / M) |
Dec. 2020
prel. |
Nov. 2020
prel. |
Oct. 2020
prel. |
Sep. 2020
prel. |
Aug. 2020
prel. |
| Total |
4.27 % |
6.08 % |
-0.52 % |
5.65 % |
-1.67 % |
| In structures Single-family units |
7.26 % |
2.05 % |
0.09 % |
8.01 % |
5.39 % |
| In structures with 2 - 4 units |
-16.36 % |
-8.33 % |
36.36 % |
-16.98 % |
17.78 % |
| In structures with 5 units
or more |
-0.91 % |
20.82 % |
-6.41 % |
2.36 % |
-18.42 % |
| Northeast |
-5.37 % |
11.19 % |
-11.26 % |
26.89 % |
-15 % |
| Midwest |
14.61 % |
2.82 % |
3.4 % |
9.57 % |
-16.07 % |
| South |
1.27 % |
5.72 % |
0.86 % |
2.39 % |
5.44 % |
| West |
8.68 % |
6.9 % |
-1.31 % |
3.8 % |
-2.39 % |
New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), in % Y/Y) |
Dec. 2020
prel. |
Nov. 2020
prel. |
Oct. 2020
prel. |
Sep. 2020
prel. |
Aug. 2020
prel. |
| Total |
20.69 % |
11.19 % |
5.75 % |
11.97 % |
3.59 % |
| In structures Single-family units |
33.84 % |
24.1 % |
22.94 % |
26.87 % |
19.63 % |
| In structures with 2 - 4 units |
9.52 % |
44.74 % |
25 % |
25.71 % |
20.45 % |
| In structures with 5 units
or more |
-4.59 % |
-14.37 % |
-27.29 % |
-17.02 % |
-25.15 % |
| Northeast |
5.22 % |
-6.29 % |
-2.9 % |
33.63 % |
-21.19 % |
| Midwest |
21.26 % |
6.31 % |
18.99 % |
17.05 % |
-0.53 % |
| South |
27.76 % |
17.93 % |
6.21 % |
11.2 % |
6.28 % |
| West |
13.18 % |
8.04 % |
1.62 % |
4.37 % |
11.18 % |
New Housing Units Started
(Seasonally adj., at Annual Rate, units) |
Dec. 2020
prel. |
Nov. 2020
prel. |
Oct. 2020
prel. |
Sep. 2020
prel. |
Aug. 2020
prel. |
| Total |
|
1,669,000 |
1,547,000 |
1,530,000 |
1,415,000 |
1,416,000 |
| In structures Single-family units |
|
1,338,000 |
1,186,000 |
1,179,000 |
1,108,000 |
1,021,000 |
| In structures with 2 - 4 units |
|
19,000 |
9,000 |
17,000 |
12,000 |
20,000 |
| In structures with 5 units or more |
|
312,000 |
352,000 |
334,000 |
295,000 |
375,000 |
| Northeast |
|
107,000 |
135,000 |
78,000 |
145,000 |
89,000 |
| Midwest |
|
251,000 |
196,000 |
219,000 |
165,000 |
267,000 |
| South |
|
858,000 |
809,000 |
859,000 |
755,000 |
699,000 |
| West |
|
453,000 |
407,000 |
374,000 |
350,000 |
361,000 |
New Housing Units Started
(Seasonally adj. at Annual Rate, units), in Y / Y) |
Dec. 2020
prel. |
Nov. 2020
prel. |
Oct. 2020
prel. |
Sep. 2020
prel. |
Aug. 2020
prel. |
| Total |
7.89 % |
1.11 % |
8.13 % |
-0.07 % |
-5.35 % |
| In structures Single-family units |
12.82 % |
0.59 % |
6.41 % |
8.52 % |
8.62 % |
| In structures with 2 - 4 units |
111.11 % |
-47.06 % |
41.67 % |
-40 % |
122.22 % |
| In structures with 5 units
or more |
-11.36 % |
5.39 % |
13.22 % |
-21.33 % |
-31.44 % |
| Northeast |
-20.74 % |
73.08 % |
-46.21 % |
62.92 % |
-43.31 % |
| Midwest |
28.06 % |
-10.5 % |
32.73 % |
-38.2 % |
32.84 % |
| South |
6.06 % |
-5.82 % |
13.77 % |
8.01 % |
-15.78 % |
| West |
11.3 % |
8.82 % |
6.86 % |
-3.05 % |
17.21 % |
New Housing Units Started
(Seasonally adj. at Annual Rate, in % Y/Y) |
Dec. 2020
prel. |
Nov. 2020
prel. |
Oct. 2020
prel. |
Sep. 2020
prel. |
Aug. 2020
prel. |
| Total |
3.79 % |
12.51 % |
14.18 % |
12.66 % |
3.81 % |
| In structures Single-family units |
26.82 % |
24.97 % |
28.99 % |
20.7 % |
11.1 % |
| In structures with 2 - 4 units |
11.76 % |
-55 % |
41.67 % |
9.09 % |
-4.76 % |
| In structures with 5 units
or more |
-41.79 % |
-13.3 % |
-19.32 % |
-9.79 % |
-11.56 % |
| Northeast |
-19.55 % |
27.36 % |
-32.17 % |
33.03 % |
-28.23 % |
| Midwest |
-1.18 % |
5.95 % |
22.35 % |
-1.2 % |
27.14 % |
| South |
5.93 % |
9.18 % |
24.13 % |
11.69 % |
-1.69 % |
| West |
10.22 % |
18.66 % |
5.65 % |
15.13 % |
13.17 % |
New Housing Units Authorized
(Not seasonally adjusted, units) |
Dec. 2020
prel. |
Nov. 2020
prel. |
Oct. 2020
prel. |
Sep. 2020
prel. |
Aug. 2020
prel. |
| Total |
|
134,100 |
120,200 |
133,000 |
134,200 |
125,500 |
| In structures Single-family units |
|
88,800 |
80,000 |
94,500 |
95,300 |
89,600 |
| In structures with 2 - 4 units |
|
3,600 |
4,100 |
5,400 |
4,000 |
4,700 |
| In structures with 5 units or more |
|
41,700 |
36,200 |
33,100 |
34,900 |
31,200 |
| Northeast |
|
12,700 |
12,200 |
11,600 |
13,600 |
9,900 |
| Midwest |
|
16,100 |
16,600 |
21,300 |
19,800 |
17,600 |
| South |
|
66,700 |
61,500 |
67,800 |
69,000 |
68,000 |
| West |
|
38,500 |
29,900 |
32,300 |
31,800 |
30,000 |
New Housing Units Authorized
(Not seasonally adjusted, in Y / Y) |
Dec. 2020
prel. |
Nov. 2020
prel. |
Oct. 2020
prel. |
Sep. 2020
prel. |
Aug. 2020
prel. |
| Total |
11.56 % |
-9.62 % |
-0.89 % |
6.93 % |
-7.99 % |
| In structures Single-family units |
11 % |
-15.34 % |
-0.84 % |
6.36 % |
-3.34 % |
| In structures with 2 - 4 units |
-12.2 % |
-24.07 % |
35 % |
-14.89 % |
11.9 % |
| In structures with 5 units
or more |
15.19 % |
9.37 % |
-5.16 % |
11.86 % |
-21.21 % |
| Northeast |
4.1 % |
5.17 % |
-14.71 % |
37.37 % |
-23.85 % |
| Midwest |
-3.01 % |
-22.07 % |
7.58 % |
12.5 % |
-17.37 % |
| South |
8.46 % |
-9.29 % |
-1.74 % |
1.47 % |
-1.59 % |
| West |
28.76 % |
-7.43 % |
1.57 % |
6 % |
-9.37 % |
New Housing Units Authorized
(Not seasonally adjusted, in % Y/Y) |
Dec. 2020
prel. |
Nov. 2020
prel. |
Oct. 2020
prel. |
Sep. 2020
prel. |
Aug. 2020
prel. |
| Total |
24.98 % |
11.81 % |
0.99 % |
17.41 % |
-1.18 % |
| In structures Single-family units |
42.31 % |
25.39 % |
18.42 % |
34.99 % |
14.72 % |
| In structures with 2 - 4 units |
12.5 % |
41.38 % |
28.57 % |
33.33 % |
14.63 % |
| In structures with 5 units
or more |
0 % |
-11.27 % |
-30.61 % |
-14.04 % |
-30.51 % |
| Northeast |
8.55 % |
-3.17 % |
-10.08 % |
40.21 % |
-23.26 % |
| Midwest |
24.81 % |
7.1 % |
11.52 % |
20.73 % |
-4.86 % |
| South |
28.76 % |
19.19 % |
1.04 % |
17.15 % |
2.72 % |
| West |
24.6 % |
7.17 % |
-0.92 % |
8.53 % |
1.69 % |
New Housing Units Started
(Not seas. adj. at Annual Rate, units) |
Dec. 2020
prel. |
Nov. 2020
prel. |
Oct. 2020
prel. |
Sep. 2020
prel. |
Aug. 2020
prel. |
| Total |
|
113,300 |
117,500 |
132,000 |
125,000 |
127,300 |
| In structures Single-family units |
|
89,300 |
87,800 |
101,000 |
97,300 |
93,200 |
| In structures with 2 - 4 units |
|
1,400 |
700 |
1,400 |
1,000 |
1,700 |
| In structures with 5 units or more |
|
22,600 |
29,000 |
29,600 |
26,700 |
32,400 |
| Northeast |
|
7,400 |
10,900 |
7,300 |
13,300 |
7,800 |
| Midwest |
|
14,800 |
15,700 |
21,400 |
15,900 |
24,600 |
| South |
|
60,600 |
60,600 |
71,300 |
65,500 |
62,100 |
| West |
|
30,600 |
30,300 |
32,000 |
30,400 |
32,700 |
New Housing Units Started
(Not seas. adj. at Annual Rate, in Y / Y) |
Dec. 2020
prel. |
Nov. 2020
prel. |
Oct. 2020
prel. |
Sep. 2020
prel. |
Aug. 2020
prel. |
| Total |
-3.57 % |
-10.98 % |
5.6 % |
-1.81 % |
-8.68 % |
| In structures Single-family units |
1.71 % |
-13.07 % |
3.8 % |
4.4 % |
4.37 % |
| In structures with 2 - 4 units |
100 % |
-50 % |
40 % |
-41.18 % |
142.86 % |
| In structures with 5 units
or more |
-22.07 % |
-2.03 % |
10.86 % |
-17.59 % |
-34.41 % |
| Northeast |
-32.11 % |
49.32 % |
-45.11 % |
70.51 % |
-49.02 % |
| Midwest |
-5.73 % |
-26.64 % |
34.59 % |
-35.37 % |
23 % |
| South |
0 % |
-15.01 % |
8.85 % |
5.48 % |
-17.42 % |
| West |
0.99 % |
-5.31 % |
5.26 % |
-7.03 % |
13.15 % |
New Housing Units Started
(Not seas. adj. at Annual Rate, in % Y/Y) |
Dec. 2020
prel. |
Nov. 2020
prel. |
Oct. 2020
prel. |
Sep. 2020
prel. |
Aug. 2020
prel. |
| Total |
4.42 % |
13.97 % |
14.98 % |
10.72 % |
5.12 % |
| In structures Single-family units |
30.17 % |
27.8 % |
31.51 % |
20.57 % |
12.97 % |
| In structures with 2 - 4 units |
16.67 % |
-58.82 % |
27.27 % |
-9.09 % |
-10.53 % |
| In structures with 5 units
or more |
-41.6 % |
-11.31 % |
-19.78 % |
-14.15 % |
-11.72 % |
| Northeast |
-20.43 % |
26.74 % |
-31.13 % |
29.13 % |
-29.73 % |
| Midwest |
-0.67 % |
6.08 % |
25.15 % |
-3.05 % |
27.46 % |
| South |
7.45 % |
11.6 % |
25.53 % |
10.08 % |
0.49 % |
| West |
9.68 % |
19.29 % |
5.96 % |
13.43 % |
13.15 % |
Source U.S. Department of Commerce
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