Live Markets, Charts & Financial News

US January housing starts 1.331 million versus 1.460 million estimate

0 22
  • Prior month housing starts 1.460 million. Prior month building permits 1.495 million

Housing Starts details:

  • Housing starts 1.331M vs 1.460M estimate
  • Housing starts change for January -14.8% vs -4.3% prior
  • Housing starts represents a slight decrease of 0.7% from the January 2023 rate of 1,340,000, with a margin of error of ±11.7%.

    • Single-family housing starts in January were at a rate of 1,004,000, marking a 4.7% decrease from the revised December figure of 1,054,000, with a margin of error of ±11.6%.
    • The rate for units in buildings with five units or more was 314,000 in January.

Building Permits Details:

  • Building permits 1.470M vs 1.509M estimate
  • Building permits change -1.5% vs 1.9% last month.
  • Building permits are up 8.6% increase compared to the January 2023 rate of 1,354,000.

    • Single-family authorizations in January were at a rate of 1,015,000, which is 1.6% higher than the revised December rate of 999,000.
    • Authorizations for units in buildings with five units or more were at a rate of 405,000 in January.

Housing Completions:

  • Privately-owned housing completions in January were at a seasonally adjusted annual rate of 1,416,000.
  • This represents an 8.1% decrease from the revised December estimate of 1,541,000, with a margin of error of ±10.0%.
  • However, it is a 2.8% increase from the January 2023 rate of 1,377,000, with a margin of error of ±14.6%.
  • Single-family housing completions in January were at a rate of 857,000, which is 16.3% lower than the revised December rate of 1,024,000, with a margin of error of ±7.9%.
  • The rate for units in buildings with five units or more was 538,000 in January

This article was written by Greg Michalowski at www.forexlive.com.

Leave A Reply

Your email address will not be published.