Housing Starts
United States Housing Starts 1959-2017 | Data | Chart | Calendar
Housing starts in the United States rose 3 percent from the previous month to a seasonally adjusted annualized rate of 1288 thousand in February of 2017, following an upwardly revised 1251 thousand in the previous month and beating market expectations of a 1.4 percent rise. It is the biggest rate in four months as construction of single-family houses hit a near 9-1/2-year high. Housing Starts in the United States averaged 1438.29 Thousand from 1959 until 2017, reaching an all time high of 2494 Thousand in January of 1972 and a record low of 478 Thousand in April of 2009.
| Calendar | GMT | Reference | Actual | Previous | Consensus | Forecast  |
||
|---|---|---|---|---|---|---|---|---|
| 2017-02-16 | 01:30 PM | Jan | 1246K | 1279K | 1222K | 1220K | ||
| 2017-03-16 | 12:30 PM | Feb | 1288K | 1251K | 1260K | 1250K | ||
| 2017-03-16 | 12:30 PM | Feb | 3% | -1.9% | 1.4% | 3% | ||
| 2017-04-18 | 01:30 PM | Mar | 1288K | 1274.9K | ||||
| 2017-04-18 | 01:30 PM | Mar | 3% | 1274.9K | ||||
| 2017-05-16 | 12:30 PM | Apr | 1283K | |||||
US Housing Starts Rise More Than Expected
Housing starts in the United States rose 3 percent from the previous month to a seasonally adjusted annualized rate of 1288 thousand in February of 2017, following an upwardly revised 1251 thousand in the previous month and beating market expectations of a 1.4 percent rise. It is the biggest rate in four months as construction of single-family houses hit a near 9-1/2-year high.
Single-family housing starts, the largest segment of the market went up 6.5 percent to 872 thousand, the highest since October of 2007. In contrast, the volatile multi-family segment declined 7.7 percent to 396 thousand. Starts jumped 35.7 percent to 323 thousand in the West but declined in the Northeast (-9.8 percent to 119 thousand); the Midwest (-4.6 percent to 187 thousand) and the South (-3.8 percent to 659 thousand).
Building permits fell 6.2 percent to a seasonally adjusted annual rate of 1213 thousand, more than market expectations of a 2.6 percent decline. Building permits for multi-family units shrank 26.9 percent to 334 thousand while single-family authorizations rose 3.1 percent to 832 thousand. Permits declined in the Northeast (-22.3 percent to 115 thousand), the South (-10.4 percent to 580 thousand) and in the West (-10 percent to 271 thousand) while increased in the Midwest (25.4 percent to 247 thousand).
Year-on-year, housing starts went up 6.2 percent and building permits rose 4.4 percent.
http://www.tradingeconomics.com/united-states/housing-starts
