March Housing Starts 20 Percent Above 2009 Figures

Privately-owned housing starts in March were at a seasonally adjusted annual rate of 626,000, 1.6 percent above the revised February estimate of 616,000 and is 20.2 percent above the March 2009 rate of 521,000, according to data just released from the U.S. Census Bureau and the Department of Housing and Urban Development. 

April 16, 2010

Privately-owned housing starts in March were at a seasonally adjusted annual rate of 626,000, 1.6 percent above the revised February estimate of 616,000 and is 20.2 percent above the March 2009 rate of 521,000, according to data just released from the U.S. Census Bureau and the Department of Housing and Urban Development. 

 

Single-family housing starts in March were at a rate of 531,000; this is 0.9 percent below the revised February figure of 536,000.  The March rate for units in buildings with five units or more was 88,000.

Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 685,000.  This is 7.5 percent above the revised February rate of 637,000 and is 34.1 percent above the March 2009 estimate of 511,000.

Single-family authorizations in March were at a rate of 543,000; this is 5.6 percent above the revised February figure of 514,000.  Authorizations of units in buildings with five units or more were at a rate of 120,000 in March.

Privately-owned housing completions in March were at a seasonally adjusted annual rate of 656,000.  This is 3.1 percent below the revised February estimate of 677,000 and is 21.2 percent below the March 2009 rate of 833,000.

Single-family housing completions in March were at a rate of 486,000; this is 5.9 percent above the revised February rate of 459,000.  The March rate for units in buildings with five units or more was 161,000.

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