Housing starts on the rise again
Housing Starts U.S. Economic Indicators
U.S. Housing starts on the rise again after dipping in the last month, as decline in single-family houses offset an increase in multi-dwelling units construction.
In October U.S. housing starts have climbed by 2.2 % on the seasonally adjusted basis to annual rate of 1,228,000 units, an increase of 27,000 units from 1,201,000 in September, reported by the Department of Housing and Urban Development. The construction of single-family fell by -0.7% to annual rate of 865,000 units. The increase in rental demand led to higher construction of apartments, accounting for 29.56 % of total housing starts.
The government cautions that its monthly housing data are volatile and subject to large sampling and other statistical errors. In most months, the government can't be sure whether starts increased or decreased. Construction of new homes in U.S. dropped by -4.8 % from Oct. 2017, where housing starts in the Northeast declined the most.
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Permits continued to grow by higher rate, building permits rose by 1.8 % or 22,000 units to an annual rate of 1,228,000 units, from 1,201,000 in September on the seasonally adjusted basis Most of growth took place in the Northeast and it was concentrated in multi-dwelling buildings such as apartments.
New permits went up 25.0 % to annual rate of 335,000 units in the Northeast while permits for multi-family units grew 6.2 % accounting for 29.56 % of total permits issued.
Permits give an indication of whether demand for new homes is growing or slowing.From Oct. 2017, monthly building permits deteriorated by -2.6 %
|
| Permits By Region |
- In Northeast
housing units were authorized at seasonally adjusted annual rate of 115,000
units, an
increase of 23,000
units,
or 25.00 % from 92,000
units Sep. 2018 and an
decrease of -8.73 % from 126,000
units Oct. 2017.
- In
Midwest housing units were authorized at seasonally
adjusted annual rate of 187,000
units, an
increase of
33,000
units,
or
21.43 % from 154,000
units Sep. 2018 and an
decrease of
-2.60 % from 192,000
units Oct. 2017.
- In
West housing units were authorized at seasonally adjusted
annual rate of 313,000
units, an
decrease of
28,000
units,
or
-8.21 % from 341,000
units Sep. 2018 and an
decrease of
-14.48 % from 366,000
units Oct. 2017.
|
- In
South housing units were authorized at seasonally adjusted annual rate of 648,000
units, an
decrease of 6,000
units,
or -0.92 % from 654,000
units Sep. 2018 and an
increase of 5.71 % from 613,000
units Oct. 2017.
|
New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), units) |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
July 2018
prel. |
June 2018
prel. |
| Total |
|
1,263,000 |
1,241,000 |
1,249,000 |
1,311,000 |
1,273,000 |
| In structures Single-family units |
|
849,000 |
851,000 |
827,000 |
869,000 |
850,000 |
| In structures with 2 - 4 units |
|
38,000 |
39,000 |
35,000 |
32,000 |
36,000 |
| In structures with 5 units or more |
|
376,000 |
351,000 |
387,000 |
410,000 |
387,000 |
| Northeast |
|
115,000 |
92,000 |
102,000 |
126,000 |
112,000 |
| Midwest |
|
187,000 |
154,000 |
190,000 |
183,000 |
170,000 |
| South |
|
648,000 |
654,000 |
650,000 |
668,000 |
664,000 |
| West |
|
313,000 |
341,000 |
307,000 |
334,000 |
327,000 |
New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), in M / M) |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
July 2018
prel. |
June 2018
prel. |
| Total |
1.77 % |
-0.64 % |
-4.73 % |
2.99 % |
-2.15 % |
| In structures Single-family units |
-0.24 % |
2.9 % |
-4.83 % |
2.24 % |
0.83 % |
| In structures with 2 - 4 units |
-2.56 % |
11.43 % |
9.38 % |
-11.11 % |
5.88 % |
| In structures with 5 units
or more |
7.12 % |
-9.3 % |
-5.61 % |
5.94 % |
-8.73 % |
| Northeast |
25 % |
-9.8 % |
-19.05 % |
12.5 % |
0 % |
| Midwest |
21.43 % |
-18.95 % |
3.83 % |
7.65 % |
0 % |
| South |
-0.92 % |
0.62 % |
-2.69 % |
0.6 % |
0 % |
| West |
-8.21 % |
11.07 % |
-8.08 % |
2.14 % |
0 % |
New Housing Units Authorized
(Seasonally adj., at Annual Rate, units), in % Y/Y) |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
July 2018
prel. |
June 2018
prel. |
| Total |
-2.62 % |
2.14 % |
-3.92 % |
7.2 % |
-0.16 % |
| In structures Single-family units |
1.19 % |
3.91 % |
3.38 % |
7.15 % |
4.81 % |
| In structures with 2 - 4 units |
-9.52 % |
8.33 % |
-2.78 % |
-8.57 % |
2.86 % |
| In structures with 5 units
or more |
-9.62 % |
-2.5 % |
-16.59 % |
8.75 % |
-9.79 % |
| Northeast |
-8.73 % |
-22.69 % |
-4.67 % |
1.61 % |
7.69 % |
| Midwest |
-2.6 % |
-16.76 % |
2.7 % |
7.02 % |
-17.87 % |
| South |
5.71 % |
11.79 % |
0.62 % |
8.97 % |
6.75 % |
| West |
-14.48 % |
4.6 % |
-15.19 % |
6.03 % |
-4.39 % |
New Housing Units Started
(Seasonally adj., at Annual Rate, units) |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
July 2018
prel. |
June 2018
prel. |
| Total |
|
1,228,000 |
1,201,000 |
1,268,000 |
1,168,000 |
1,173,000 |
| In structures Single-family units |
|
865,000 |
871,000 |
879,000 |
862,000 |
858,000 |
| In structures with 2 - 4 units |
|
20,000 |
6,000 |
17,000 |
3,000 |
11,000 |
| In structures with 5 units or more |
|
343,000 |
324,000 |
372,000 |
303,000 |
304,000 |
| Northeast |
|
87,000 |
120,000 |
93,000 |
97,000 |
96,000 |
| Midwest |
|
210,000 |
160,000 |
186,000 |
173,000 |
156,000 |
| South |
|
596,000 |
567,000 |
657,000 |
636,000 |
601,000 |
| West |
|
335,000 |
354,000 |
332,000 |
262,000 |
320,000 |
New Housing Units Started
(Seasonally adj. at Annual Rate, units), in Y / Y) |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
July 2018
prel. |
June 2018
prel. |
| Total |
2.25 % |
-5.28 % |
8.56 % |
-0.43 % |
-12.27 % |
| In structures Single-family units |
-0.69 % |
-0.91 % |
1.97 % |
0.47 % |
-9.11 % |
| In structures with 2 - 4 units |
233.33 % |
-64.71 % |
466.67 % |
-72.73 % |
-8.33 % |
| In structures with 5 units
or more |
5.86 % |
-12.9 % |
22.77 % |
-0.33 % |
-20.21 % |
| Northeast |
-27.5 % |
29.03 % |
-4.12 % |
1.04 % |
-6.8 % |
| Midwest |
31.25 % |
-13.98 % |
7.51 % |
10.9 % |
-35.8 % |
| South |
5.11 % |
-13.7 % |
3.3 % |
5.82 % |
-9.08 % |
| West |
-5.37 % |
6.63 % |
26.72 % |
-18.13 % |
-3.03 % |
New Housing Units Started
(Seasonally adj. at Annual Rate, in % Y/Y) |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
July 2018
prel. |
June 2018
prel. |
| Total |
-4.81 % |
6.57 % |
7.46 % |
1.13 % |
-3.3 % |
| In structures Single-family units |
-1.37 % |
5.07 % |
3.29 % |
0.7 % |
-0.23 % |
| In structures with 2 - 4 units |
0 % |
-50 % |
183.33 % |
-75 % |
57.14 % |
| In structures with 5 units
or more |
-12.72 % |
13.29 % |
15.17 % |
5.57 % |
-12.14 % |
| Northeast |
-40 % |
21.21 % |
-11.43 % |
-24.81 % |
-37.25 % |
| Midwest |
-0.94 % |
3.9 % |
-7 % |
-3.35 % |
-26.07 % |
| South |
-4.03 % |
7.59 % |
16.7 % |
19.55 % |
13.61 % |
| West |
7.37 % |
2.02 % |
6.41 % |
-16.83 % |
0 % |
New Housing Units Authorized
(Not seasonally adjusted, units) |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
July 2018
prel. |
June 2018
prel. |
| Total |
|
112,500 |
96,600 |
116,900 |
114,000 |
119,800 |
| In structures Single-family units |
|
74,200 |
64,700 |
78,500 |
77,600 |
81,300 |
| In structures with 2 - 4 units |
|
3,600 |
3,300 |
3,500 |
2,900 |
3,500 |
| In structures with 5 units or more |
|
34,800 |
28,700 |
35,000 |
33,500 |
35,000 |
| Northeast |
|
10,200 |
7,800 |
9,000 |
11,300 |
10,600 |
| Midwest |
|
19,700 |
13,700 |
19,700 |
16,700 |
16,200 |
| South |
|
55,500 |
49,300 |
59,800 |
58,200 |
60,600 |
| West |
|
27,100 |
25,900 |
28,500 |
27,700 |
32,400 |
New Housing Units Authorized
(Not seasonally adjusted, in Y / Y) |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
July 2018
prel. |
June 2018
prel. |
| Total |
16.46 % |
-17.37 % |
2.54 % |
-4.84 % |
-4.16 % |
| In structures Single-family units |
14.68 % |
-17.58 % |
1.16 % |
-4.55 % |
-3.67 % |
| In structures with 2 - 4 units |
9.09 % |
-5.71 % |
20.69 % |
-17.14 % |
16.67 % |
| In structures with 5 units
or more |
21.25 % |
-18 % |
4.48 % |
-4.29 % |
-6.91 % |
| Northeast |
30.77 % |
-13.33 % |
-20.35 % |
6.6 % |
0 % |
| Midwest |
43.8 % |
-30.46 % |
17.96 % |
3.09 % |
0 % |
| South |
12.58 % |
-17.56 % |
2.75 % |
-3.96 % |
0 % |
| West |
4.63 % |
-9.12 % |
2.89 % |
-14.51 % |
0 % |
New Housing Units Authorized
(Not seasonally adjusted, in % Y/Y) |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
July 2018
prel. |
June 2018
prel. |
| Total |
0.36 % |
-3.88 % |
-4.65 % |
13.55 % |
-6.33 % |
| In structures Single-family units |
6.3 % |
-2.41 % |
2.61 % |
12.3 % |
-0.61 % |
| In structures with 2 - 4 units |
-10 % |
3.13 % |
-5.41 % |
3.57 % |
-2.78 % |
| In structures with 5 units
or more |
-9.14 % |
-7.42 % |
-17.65 % |
17.54 % |
-17.65 % |
| Northeast |
-6.42 % |
-27.78 % |
-9.09 % |
4.63 % |
-3.64 % |
| Midwest |
2.6 % |
-21.71 % |
3.68 % |
12.84 % |
-23.94 % |
| South |
6.94 % |
8.11 % |
-0.66 % |
17.58 % |
1.17 % |
| West |
-9.97 % |
-2.26 % |
-14.93 % |
9.49 % |
-8.99 % |
New Housing Units Started
(Not seas. adj. at Annual Rate, units) |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
July 2018
prel. |
June 2018
prel. |
| Total |
|
107,300 |
106,100 |
112,600 |
110,400 |
111,500 |
| In structures Single-family units |
|
74,600 |
74,200 |
79,600 |
81,800 |
83,800 |
| In structures with 2 - 4 units |
|
1,800 |
600 |
1,500 |
300 |
1,000 |
| In structures with 5 units or more |
|
30,900 |
31,300 |
31,500 |
28,300 |
26,700 |
| Northeast |
|
8,300 |
11,100 |
8,400 |
9,500 |
9,300 |
| Midwest |
|
20,200 |
15,600 |
16,700 |
17,600 |
15,800 |
| South |
|
51,200 |
48,200 |
58,300 |
58,300 |
56,300 |
| West |
|
27,700 |
31,200 |
29,200 |
25,100 |
30,200 |
New Housing Units Started
(Not seas. adj. at Annual Rate, in Y / Y) |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
July 2018
prel. |
June 2018
prel. |
| Total |
1.13 % |
-5.77 % |
1.99 % |
-0.99 % |
-9.94 % |
| In structures Single-family units |
0.54 % |
-6.78 % |
-2.69 % |
-2.39 % |
-5.84 % |
| In structures with 2 - 4 units |
200 % |
-60 % |
400 % |
-70 % |
0 % |
| In structures with 5 units
or more |
-1.28 % |
-0.63 % |
11.31 % |
5.99 % |
-21.01 % |
| Northeast |
-25.23 % |
32.14 % |
-11.58 % |
2.15 % |
-3.13 % |
| Midwest |
29.49 % |
-6.59 % |
-5.11 % |
11.39 % |
-34.71 % |
| South |
6.22 % |
-17.32 % |
0 % |
3.55 % |
-5.38 % |
| West |
-11.22 % |
6.85 % |
16.33 % |
-16.89 % |
-1.31 % |
New Housing Units Started
(Not seas. adj. at Annual Rate, in % Y/Y) |
Oct. 2018
prel. |
Sep. 2018
prel. |
Aug. 2018
prel. |
July 2018
prel. |
June 2018
prel. |
| Total |
-4.45 % |
4.74 % |
9 % |
1.28 % |
-4.13 % |
| In structures Single-family units |
-0.4 % |
2.63 % |
4.6 % |
0.86 % |
-0.36 % |
| In structures with 2 - 4 units |
0 % |
-45.45 % |
200 % |
-75 % |
66.67 % |
| In structures with 5 units
or more |
-13.2 % |
12.19 % |
17.98 % |
5.99 % |
-15.51 % |
| Northeast |
-38.06 % |
21.98 % |
-10.64 % |
-22.76 % |
-35.86 % |
| Midwest |
0 % |
3.31 % |
-5.65 % |
-1.68 % |
-25.82 % |
| South |
-2.48 % |
3.88 % |
19.22 % |
20.45 % |
13.28 % |
| West |
5.73 % |
1.63 % |
6.57 % |
-17.43 % |
-1.95 % |
Source U.S. Department of Commerce
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