Industry News

Housing starts post double-digit gains

South, West see highest construction rates

Privately owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 2.1 million, which is approximately 1.7 percent above the revised December rate of 2.07 million and is approximately 6.8 percent above the January 2004 estimate of 1.97 million, the U.S. Census Bureau and Department of Housing and Urban Development reported today. The seasonally adjusted annual rate projects a monthly total over a 12-month period. Privately owned housing starts in January were at a seasonally adjusted annual rate of 2.16 million, which is approximately 4.7 percent above the revised December estimate of 2.06 million and is approximately 11.6 percent above the January 2004 rate of 1.93 million. Privately owned housing completions in January were at a seasonally adjusted annual rate of 1.92 million. This is approximately 0.8 percent below the revised December estimate of 1.93 million, but is approximately 11.7 percent above the January 2004 rate of 1.7...

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