December housing starts fell by -14.2 %
Housing Starts U.S. Economic Indicators
The construction of new homes, as well as the issuance of new building permits declined in December, following gain in previous period.
In December U.S. housing starts dropped by -14.2 % on the seasonally adjusted basis to annual rate of 1,078,000 units, a decrease of 178,000 units from 1,256,000 in November. Most of decline took place in the West and it was concentrated in multi-dwelling buildings such as apartments.
New building retreated -25.3 % to annual rate of 630,000 units in the West while the construction of multi-family units decreased -25.9 % accounting for 29.68 % of total construction. As demand for renting apartments declines.
A healthier housing market, however, would give a big boost to the economy.
In construction of housing units was bellow average rate of 1,060,095 housing starts. Housing starts dropped by -9.6 % from Dec. 2017, as housing starts in the West led the decline.
|
 |
|
|
Building permits declined by -0.2 % or 2,000 units to an annual rate of 1,078,000 units, from 1,256,000 in November on the seasonally adjusted basis Most of December´s decline in building permits took place in the Midwest and it was concentrated in single-family buildings.
Building permits fell -18.1 % in the Midwest while the permits for single-family houses deteriorated -2.2 % to 758,000 units.
The single-family permits are considered to be the most important number in the government's release.Building permits advanced by 1.8 % for the year
|
| Permits By Region |
- In Northeast
housing units were authorized at seasonally adjusted annual rate of 110,000
units, an
decrease of 10,000
units,
or -8.33 % from 120,000
units Nov. 2018 and an
decrease of -32.52 % from 163,000
units Dec. 2017.
- In
Midwest housing units were authorized at seasonally
adjusted annual rate of 145,000
units, an
decrease of
32,000
units,
or
-18.08 % from 177,000
units Nov. 2018 and an
decrease of
-27.14 % from 199,000
units Dec. 2017.
- In
West housing units were authorized at seasonally adjusted
annual rate of 383,000
units, an
increase of
60,000
units,
or
18.58 % from 323,000
units Nov. 2018 and an
increase of
6.09 % from 361,000
units Dec. 2017.
|
- In
South housing units were authorized at seasonally adjusted annual rate of 688,000
units, an
decrease of 20,000
units,
or -2.82 % from 708,000
units Nov. 2018 and an
increase of 18.83 % from 579,000
units Dec. 2017.
|
New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), units) |
Dec. 2018
prel. |
Nov. 2018
prel. |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
| Total |
|
1,326,000 |
1,328,000 |
1,263,000 |
1,241,000 |
1,249,000 |
| In structures Single-family units |
|
829,000 |
848,000 |
849,000 |
851,000 |
827,000 |
| In structures with 2 - 4 units |
|
37,000 |
39,000 |
38,000 |
39,000 |
35,000 |
| In structures with 5 units or more |
|
460,000 |
441,000 |
376,000 |
351,000 |
387,000 |
| Northeast |
|
110,000 |
120,000 |
115,000 |
92,000 |
102,000 |
| Midwest |
|
145,000 |
177,000 |
187,000 |
154,000 |
190,000 |
| South |
|
688,000 |
708,000 |
648,000 |
654,000 |
650,000 |
| West |
|
383,000 |
323,000 |
313,000 |
341,000 |
307,000 |
New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), in M / M) |
Dec. 2018
prel. |
Nov. 2018
prel. |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
| Total |
-0.15 % |
5.15 % |
1.77 % |
-0.64 % |
-4.73 % |
| In structures Single-family units |
-2.24 % |
-0.12 % |
-0.24 % |
2.9 % |
-4.83 % |
| In structures with 2 - 4 units |
-5.13 % |
2.63 % |
-2.56 % |
11.43 % |
9.38 % |
| In structures with 5 units
or more |
4.31 % |
17.29 % |
7.12 % |
-9.3 % |
-5.61 % |
| Northeast |
-8.33 % |
4.35 % |
25 % |
-9.8 % |
-19.05 % |
| Midwest |
-18.08 % |
-5.35 % |
21.43 % |
-18.95 % |
3.83 % |
| South |
-2.82 % |
9.26 % |
-0.92 % |
0.62 % |
-2.69 % |
| West |
18.58 % |
3.19 % |
-8.21 % |
11.07 % |
-8.08 % |
New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), in % Y/Y) |
Dec. 2018
prel. |
Nov. 2018
prel. |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
| Total |
1.84 % |
2.31 % |
-2.62 % |
2.14 % |
-3.92 % |
| In structures Single-family units |
-5.9 % |
-1.62 % |
1.19 % |
3.91 % |
3.38 % |
| In structures with 2 - 4 units |
-5.13 % |
-4.88 % |
-9.52 % |
8.33 % |
-2.78 % |
| In structures with 5 units
or more |
20.42 % |
11.65 % |
-9.62 % |
-2.5 % |
-16.59 % |
| Northeast |
-32.52 % |
4.35 % |
-8.73 % |
-22.69 % |
-4.67 % |
| Midwest |
-27.14 % |
-3.8 % |
-2.6 % |
-16.76 % |
2.7 % |
| South |
18.83 % |
10.28 % |
5.71 % |
11.79 % |
0.62 % |
| West |
6.09 % |
-9.52 % |
-14.48 % |
4.6 % |
-15.19 % |
New Housing Units Started
(Seasonally adj., at Annual Rate, units) |
Dec. 2018
prel. |
Nov. 2018
prel. |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
| Total |
|
1,078,000 |
1,256,000 |
1,228,000 |
1,201,000 |
1,268,000 |
| In structures Single-family units |
|
758,000 |
824,000 |
865,000 |
871,000 |
879,000 |
| In structures with 2 - 4 units |
|
18,000 |
15,000 |
20,000 |
6,000 |
17,000 |
| In structures with 5 units or more |
|
302,000 |
417,000 |
343,000 |
324,000 |
372,000 |
| Northeast |
|
107,000 |
124,000 |
87,000 |
120,000 |
93,000 |
| Midwest |
|
125,000 |
156,000 |
210,000 |
160,000 |
186,000 |
| South |
|
630,000 |
687,000 |
596,000 |
567,000 |
657,000 |
| West |
|
216,000 |
289,000 |
335,000 |
354,000 |
332,000 |
New Housing Units Started
(Seasonally adj. at Annual Rate, units), in Y / Y) |
Dec. 2018
prel. |
Nov. 2018
prel. |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
| Total |
-14.17 % |
2.28 % |
2.25 % |
-5.28 % |
8.56 % |
| In structures Single-family units |
-8.01 % |
-4.74 % |
-0.69 % |
-0.91 % |
1.97 % |
| In structures with 2 - 4 units |
20 % |
-25 % |
233.33 % |
-64.71 % |
466.67 % |
| In structures with 5 units
or more |
-27.58 % |
21.57 % |
5.86 % |
-12.9 % |
22.77 % |
| Northeast |
-13.71 % |
42.53 % |
-27.5 % |
29.03 % |
-4.12 % |
| Midwest |
-19.87 % |
-25.71 % |
31.25 % |
-13.98 % |
7.51 % |
| South |
-8.3 % |
15.27 % |
5.11 % |
-13.7 % |
3.3 % |
| West |
-25.26 % |
-13.73 % |
-5.37 % |
6.63 % |
26.72 % |
New Housing Units Started
(Seasonally adj. at Annual Rate, in % Y/Y) |
Dec. 2018
prel. |
Nov. 2018
prel. |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
| Total |
-9.56 % |
-3.16 % |
-4.81 % |
6.57 % |
7.46 % |
| In structures Single-family units |
-9.33 % |
-11.4 % |
-1.37 % |
5.07 % |
3.29 % |
| In structures with 2 - 4 units |
350 % |
87.5 % |
0 % |
-50 % |
183.33 % |
| In structures with 5 units
or more |
-14.2 % |
16.16 % |
-12.72 % |
13.29 % |
15.17 % |
| Northeast |
21.59 % |
42.53 % |
-40 % |
21.21 % |
-11.43 % |
| Midwest |
-29.78 % |
-10.86 % |
-0.94 % |
3.9 % |
-7 % |
| South |
8.25 % |
-0.58 % |
-4.03 % |
7.59 % |
16.7 % |
| West |
-37.21 % |
-15.99 % |
7.37 % |
2.02 % |
6.41 % |
New Housing Units Authorized
(Not seasonally adjusted, units) |
Dec. 2018
prel. |
Nov. 2018
prel. |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
| Total |
|
95,400 |
101,700 |
112,500 |
96,600 |
116,900 |
| In structures Single-family units |
|
53,400 |
60,900 |
74,200 |
64,700 |
78,500 |
| In structures with 2 - 4 units |
|
2,600 |
3,100 |
3,600 |
3,300 |
3,500 |
| In structures with 5 units or more |
|
39,400 |
37,700 |
34,800 |
28,700 |
35,000 |
| Northeast |
|
9,100 |
9,800 |
10,200 |
7,800 |
9,000 |
| Midwest |
|
8,300 |
14,000 |
19,700 |
13,700 |
19,700 |
| South |
|
49,300 |
52,700 |
55,500 |
49,300 |
59,800 |
| West |
|
28,600 |
25,200 |
27,100 |
25,900 |
28,500 |
New Housing Units Authorized
(Not seasonally adjusted, in Y / Y) |
Dec. 2018
prel. |
Nov. 2018
prel. |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
| Total |
-6.19 % |
-9.6 % |
16.46 % |
-17.37 % |
2.54 % |
| In structures Single-family units |
-12.32 % |
-17.92 % |
14.68 % |
-17.58 % |
1.16 % |
| In structures with 2 - 4 units |
-16.13 % |
-13.89 % |
9.09 % |
-5.71 % |
20.69 % |
| In structures with 5 units
or more |
4.51 % |
8.33 % |
21.25 % |
-18 % |
4.48 % |
| Northeast |
-7.14 % |
-3.92 % |
30.77 % |
-13.33 % |
-20.35 % |
| Midwest |
-40.71 % |
-28.93 % |
43.8 % |
-30.46 % |
17.96 % |
| South |
-6.45 % |
-5.05 % |
12.58 % |
-17.56 % |
2.75 % |
| West |
13.49 % |
-7.01 % |
4.63 % |
-9.12 % |
2.89 % |
New Housing Units Authorized
(Not seasonally adjusted, in % Y/Y) |
Dec. 2018
prel. |
Nov. 2018
prel. |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
| Total |
2.36 % |
5.39 % |
0.36 % |
-3.88 % |
-4.65 % |
| In structures Single-family units |
-5.49 % |
-1.3 % |
6.3 % |
-2.41 % |
2.61 % |
| In structures with 2 - 4 units |
-7.14 % |
-3.13 % |
-10 % |
3.13 % |
-5.41 % |
| In structures with 5 units
or more |
16.22 % |
19.3 % |
-9.14 % |
-7.42 % |
-17.65 % |
| Northeast |
-30 % |
4.26 % |
-6.42 % |
-27.78 % |
-9.09 % |
| Midwest |
-29.06 % |
-2.1 % |
2.6 % |
-21.71 % |
3.68 % |
| South |
18.23 % |
14.81 % |
6.94 % |
8.11 % |
-0.66 % |
| West |
6.72 % |
-6.32 % |
-9.97 % |
-2.26 % |
-14.93 % |
New Housing Units Started
(Not seas. adj. at Annual Rate, units) |
Dec. 2018
prel. |
Nov. 2018
prel. |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
| Total |
|
71,700 |
95,900 |
107,300 |
106,100 |
112,600 |
| In structures Single-family units |
|
49,000 |
60,300 |
74,600 |
74,200 |
79,600 |
| In structures with 2 - 4 units |
|
1,300 |
1,300 |
1,800 |
600 |
1,500 |
| In structures with 5 units or more |
|
21,400 |
34,300 |
30,900 |
31,300 |
31,500 |
| Northeast |
|
7,400 |
10,000 |
8,300 |
11,100 |
8,400 |
| Midwest |
|
7,100 |
12,700 |
20,200 |
15,600 |
16,700 |
| South |
|
42,700 |
51,400 |
51,200 |
48,200 |
58,300 |
| West |
|
14,600 |
21,800 |
27,700 |
31,200 |
29,200 |
New Housing Units Started
(Not seas. adj. at Annual Rate, in Y / Y) |
Dec. 2018
prel. |
Nov. 2018
prel. |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
| Total |
-25.23 % |
-10.62 % |
1.13 % |
-5.77 % |
1.99 % |
| In structures Single-family units |
-18.74 % |
-19.17 % |
0.54 % |
-6.78 % |
-2.69 % |
| In structures with 2 - 4 units |
0 % |
-27.78 % |
200 % |
-60 % |
400 % |
| In structures with 5 units
or more |
-37.61 % |
11 % |
-1.28 % |
-0.63 % |
11.31 % |
| Northeast |
-26 % |
20.48 % |
-25.23 % |
32.14 % |
-11.58 % |
| Midwest |
-44.09 % |
-37.13 % |
29.49 % |
-6.59 % |
-5.11 % |
| South |
-16.93 % |
0.39 % |
6.22 % |
-17.32 % |
0 % |
| West |
-33.03 % |
-21.3 % |
-11.22 % |
6.85 % |
16.33 % |
New Housing Units Started
(Not seas. adj. at Annual Rate, in % Y/Y) |
Dec. 2018
prel. |
Nov. 2018
prel. |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
| Total |
-10.71 % |
-2.54 % |
-4.45 % |
4.74 % |
9 % |
| In structures Single-family units |
-9.76 % |
-11.19 % |
-0.4 % |
2.63 % |
4.6 % |
| In structures with 2 - 4 units |
333.33 % |
85.71 % |
0 % |
-45.45 % |
200 % |
| In structures with 5 units
or more |
-16.73 % |
15.1 % |
-13.2 % |
12.19 % |
17.98 % |
| Northeast |
19.35 % |
42.86 % |
-38.06 % |
21.98 % |
-10.64 % |
| Midwest |
-33.02 % |
-9.93 % |
0 % |
3.31 % |
-5.65 % |
| South |
8.1 % |
0.59 % |
-2.48 % |
3.88 % |
19.22 % |
| West |
-38.91 % |
-16.79 % |
5.73 % |
1.63 % |
6.57 % |
Source U.S. Department of Commerce
|
|
|
|
