New Residential Construction - Census Bureau

FOR RELEASE AT 8:30 AM EDT, FRIDAY, MARCH 16, 2018

MONTHLY NEW RESIDENTIAL CONSTRUCTION, FEBRUARY 2018 Release Number: CB18-38 March 16, 2018 - The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for February 2018:

Building Permits:

1,298,000

Housing Starts:

1,236,000

Housing Completions:

1,319,000

Next Release: April 17, 2018 Seasonally Adjusted Annual Rate Source: U.S. Census Bureau, HUD, March 16, 2018

New Residential Construction (Seasonally Adjusted Annual Rate) 1,500 Thousands of Units

NEW RESIDENTIAL CONSTRUCTION FEBRUARY 2018

1,200 900 600 Permits Starts Completions

300 0 Feb-13

Feb-14

Feb-15

Feb-16

Feb-17

Feb-18

Source: U.S. Census Bureau, HUD, March 16, 2018

Building Permits Privately-owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,298,000. This is 5.7 percent (±0.7 percent) below the revised January rate of 1,377,000, but is 6.5 percent (±2.4 percent) above the February 2017 rate of 1,219,000. Single-family authorizations in February were at a rate of 872,000; this is 0.6 percent (±0.9 percent)* below the revised January figure of 877,000. Authorizations of units in buildings with five units or more were at a rate of 385,000 in February. Housing Starts Privately-owned housing starts in February were at a seasonally adjusted annual rate of 1,236,000. This is 7.0 percent (±16.7 percent)* below the revised January estimate of 1,329,000 and is 4.0 percent (±12.2 percent)* below the February 2017 rate of 1,288,000. Single-family housing starts in February were at a rate of 902,000; this is 2.9 percent (±10.8 percent)* above the revised January figure of 877,000. The February rate for units in buildings with five units or more was 317,000. Housing Completions Privately-owned housing completions in February were at a seasonally adjusted annual rate of 1,319,000. This is 7.8 percent (±14.8 percent)* above the revised January estimate of 1,224,000 and is 13.6 percent (±16.0 percent)* above the February 2017 rate of 1,161,000. Single-family housing completions in February were at a rate of 895,000; this is 3.0 percent (±10.6 percent)* above the revised January rate of 869,000. The February rate for units in buildings with five units or more was 418,000.

Data Inquiries Economic Indicators Division, Residential Construction Branch 301‐763‐5160 [email protected]

Media Inquiries Public Information Office 301‐763‐3030 [email protected]

The March report is scheduled for release on April 17, 2018. View the full schedule in the Economic Briefing Room: . The full text and tables for this release can be found at . NOTICE

With the April 2018 release, seasonally adjusted estimates of housing units authorized by building permits will be revised back to January 2012, and seasonally adjusted estimates of housing units authorized but not started, started, under construction, and completed will be revised back to January 2013. With each April release, seasonally adjusted data will now be revised for an additional five years beyond the revision period for unadjusted data. Research has shown that this revision span should produce more reliable seasonally adjusted time series. EXPLANATORY NOTES

In interpreting changes in the statistics in this release, note that month-to-month changes in seasonally adjusted statistics often show movements which may be irregular. It may take three months to establish an underlying trend for building permit authorizations, six months for total starts, and five months for total completions. The statistics in this release are estimated from sample surveys and are subject to sampling variability as well as nonsampling error including bias and variance from response, nonreporting, and undercoverage. Estimated relative standard errors of the most recent data are shown in the tables. Whenever a statement such as “2.5 percent (±3.2 percent) above” appears in the text, this indicates the range (-0.7 to +5.7 percent) in which the actual percentage change is likely to have occurred. All ranges given for percentage changes are 90 percent confidence intervals and account only for sampling variability. If a range does not contain zero, the change is statistically significant. If it does contain zero, the change is not statistically significant; that is, it is uncertain whether there was an increase or decrease. The same policies apply to the confidence intervals for percentage changes shown in the tables. On average, the preliminary seasonally adjusted estimates of total building permits, housing starts and housing completions are revised 2.1 percent or less. Explanations of confidence intervals and sampling variability can be found on our website. API The Census Bureau’s application programming interface lets developers create custom apps to reach new users and makes key demographic, socio-economic and housing statistics more accessible than ever before. ### * The 90 percent confidence interval includes zero. In such cases, there is insufficient statistical evidence to conclude that the actual change is different from zero.

Data Inquiries Economic Indicators Division, Residential Construction Branch 301‐763‐5160 [email protected]

Media Inquiries Public Information Office 301‐763‐3030 [email protected]

New Privately‐Owned Housing Units Authorized in Permit‐Issuing Places (Thousands of Units. Detail may not add to total because of rounding.)

Table 1a ‐ Seasonally adjusted annual rate Period Total 2017 February . . . . . . . . . . . . . . . . . . . . . . . . . . . March . . . . . . . . . . . . . . . . . . . . . . . . . . . . . April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . . . . . . . . . . . . . . September . . . . . . . . . . . . . . . . . . . . . . . . . October . . . . . . . . . . . . . . . . . . . . . . . . . . . November . . . . . . . . . . . . . . . . . . . . . . . . . December . . . . . . . . . . . . . . . . . . . . . . . . .

1,219 1,260 1,228 1,168 1,275 1,230 1,272 1,225 1,316 1,303 1,300

United States 2 to 4 5 units 1 unit units or more 834 826 794 779 811 812 800 823 850 865 881

Northeast Total

1 unit

Midwest Total

South 1 unit

Total 585 623 579 579 622 623 620 595 633 651 579

West 1 unit

Total

1 unit

45 37 36 32 35 40 36 35 33 39 37

340 397 398 357 429 378 436 367 433 399 382

117 136 120 122 104 123 109 121 122 114 148

54 53 53 52 57 57 58 71 53 55 56

247 192 192 173 207 170 184 185 193 183 214

136 128 124 108 120 117 114 122 127 130 136

448 456 424 436 445 452 429 428 456 469 459

270 309 337 294 342 314 359 324 368 355 359

196 189 193 183 189 186 199 202 214 211 230

2018 January (r) . . . . . . . . . . . . . . . . . . . . . . . . . 1,377 877 48 February (p) . . . . . . . . . . . . . . . . . . . . . . . 1,298 872 41 1 . Average RSE (%) . . . . . . . . . . . . . . . . . . 2 2 6

452 385 2

118 133 3

50 55 5

178 184 4

123 701 474 126 614 467 4 2 2

380 367 2

230 224 3

‐14.8% ± 1.2 13.2% ± 3.2

12.7% ± 5.8 13.7% ± 7.5

10.0% ± 9.2 1.9% ± 8.4

3.4% ± 3.5 ‐25.5% ± 4.7

‐3.4% ± 2.4 35.9% ± 4.9

‐2.6% ± 1.6 14.3% ± 6.6

2

Percent Change Feb. 2018 from Jan. 2018 . . . . . . . . . . . . 3 . 90 percent confidence interval . . . . . . Feb. 2018 from Feb. 2017 . . . . . . . . . . . . . 90 percent confidence interval 3 . . . . . .

‐5.7% ± 0.7 6.5% ± 2.4

‐0.6% ± 0.9 4.6% ± 1.6

‐14.6% ± 6.8 ‐8.9% ± 24.6

2.4% ± 3.5 ‐7.4% ± 3.8

‐12.4% ± 1.2 5.0% ± 2.6

‐1.5% ± 1.0 4.2% ± 1.4

Table 1b ‐ Not seasonally adjusted Period Total

United States 2 to 4 5 units 1 unit units or more

Northeast Total

1 unit

Midwest Total

West

South 1 unit

Total

1 unit

Total

1 unit

2016 Annual . . . . . . . . . . . . . . . . . . . . . . . 1,206.6 750.8 34.8 2017 Annual . . . . . . . . . . . . . . . . . . . . . . . 1,264.1 817.3 35.5 . RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 4

421.1 411.2 1

116.4 124.9 2

54.3 57.0 4

186.1 192.5 3

112.4 594.5 406.0 122.7 614.0 441.2 4 1 2

309.6 332.7 1

178.1 196.4 2

2017 Year to date . . . . . . . . . . . . . . . . . . . 172.2 111.4 5.1 2018 Year to date . . . . . . . . . . . . . . . . . . . 187.2 122.8 5.9 . RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 5

55.7 58.4 1

16.2 14.9 2

6.4 6.0 4

22.3 18.7 3

12.9 94.5 67.2 12.8 101.0 72.4 4 1 2

39.2 52.6 3

24.8 31.6 4

Year to date percent change² . . . . . . . . . 3 . 90 percent confidence interval . . . . . .

8.7% ± 1.7

10.2% ± 1.4

15.7% ± 18.8

4.9% ± 2.4

‐8.0% ± 2.7

‐6.3% ± 4.1

‐16.1% ± 4.9

‐0.8% ± 3.4

6.9% ± 1.2

7.7% ± 0.8

34.2% ± 4.4

27.4% ± 6.2

2017 February . . . . . . . . . . . . . . . . . . . . . . . . . . . March . . . . . . . . . . . . . . . . . . . . . . . . . . . . . April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . . . . . . . . . . . . . . September . . . . . . . . . . . . . . . . . . . . . . . . . October . . . . . . . . . . . . . . . . . . . . . . . . . . . November . . . . . . . . . . . . . . . . . . . . . . . . . December . . . . . . . . . . . . . . . . . . . . . . . . .

84.8 112.5 102.6 113.0 127.9 101.0 119.6 101.4 114.0 97.0 93.1

57.8 77.1 69.2 78.3 81.8 69.1 76.6 66.6 70.9 62.0 56.5

3.0 3.1 2.6 3.0 3.6 3.2 3.4 3.1 3.0 3.0 2.7

24.0 32.3 30.8 31.6 42.5 28.7 39.6 31.7 40.1 31.9 33.9

6.4 10.8 9.7 11.7 11.0 10.7 10.1 11.0 10.5 9.3 11.9

3.0 4.6 4.6 5.2 5.9 5.0 5.6 6.4 4.8 4.4 3.6

12.7 15.9 16.8 18.0 21.3 14.7 18.8 17.6 19.3 14.3 12.6

7.1 11.2 11.2 12.0 12.8 10.5 11.9 11.0 12.1 9.6 7.1

45.8 57.2 48.2 54.7 59.9 50.4 57.4 46.6 53.9 46.6 41.8

34.0 43.9 36.8 42.2 42.9 37.5 40.3 33.5 36.8 33.0 30.5

19.9 28.7 28.0 28.6 35.6 25.2 33.2 26.2 30.3 26.8 26.7

13.6 17.5 16.7 18.9 20.2 16.1 18.9 15.6 17.2 15.0 15.3

2018 January (r) . . . . . . . . . . . . . . . . . . . . . . . . . 96.7 61.8 3.2 February (p) . . . . . . . . . . . . . . . . . . . . . . . 90.5 61.1 2.7 . Average RSE (%) 1 . . . . . . . . . . . . . . . . . . 2 2 6

31.7 26.7 2

7.5 7.4 3

3.0 3.0 5

9.2 9.5 4

6.0 53.7 36.9 6.7 47.3 35.5 4 2 2

26.3 26.4 2

15.9 15.8 3

p Preliminary r Revised S Does not meet publication standards because tests for identifiable and stable seasonalilty do not meet reliability standards X Not applicable 1

Average relative standard error for the latest 6‐month period Computed using unrounded data 3 If the 90 percent confidence interval includes zero, there is insufficient evidence to conclude that the actual change is different from zero Note: Year‐to‐date permits estimates reflect revisions not distrubuted to months. 2

Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, March 16, 2018. Additional information on the survey methodology may be found at .

New Privately‐Owned Housing Units Authorized, but Not Started, at End of Period (Thousands of Units. Detail may not add to total because of rounding.)

Table 2a ‐ Seasonally adjusted Period Total 2017 February . . . . . . . . . . . . . . . . . . . . . . . . . . 135 March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 138 April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 142 May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 146 June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 145 July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 141 August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 148 September . . . . . . . . . . . . . . . . . . . . . . . . 151 October . . . . . . . . . . . . . . . . . . . . . . . . . . . 154 November . . . . . . . . . . . . . . . . . . . . . . . . . 152 December (r) . . . . . . . . . . . . . . . . . . . . . . 159


Northeast Total

1 unit

Midwest Total

South 1 unit

Total

West 1 unit

Total

1 unit

74 77 77 80 78 78 77 78 81 80 87

S S S S S S S S S S S

60 59 64 65 65 61 69 71 71 70 70

12 13 15 18 12 12 13 14 12 12 15

5 5 6 6 6 5 5 5 5 5 6

21 19 22 21 20 20 20 19 19 20 23

9 9 10 9 9 9 9 10 9 9 10

41 44 42 46 44 45 43 44 46 45 49

36 37 38 36 38 38 41 41 46 44 45

19 19 19 19 19 19 20 19 21 21 22

2018 January (r) . . . . . . . . . . . . . . . . . . . . . . . . . 162 89 February (p) . . . . . . . . . . . . . . . . . . . . . . 159 87 1 . Average RSE (%) . . . . . . . . . . . . . . . . . 7 6

S S X

70 69 10

15 14 17

6 5 19

23 22 16

10 79 50 11 77 49 16 8 8

45 46 12

23 22 15

S X S X

‐1.4% ± 5.2 15.0% ± 17.3

‐6.7% ± 14.0 16.7% ± 62.2

‐16.7% ± 8.5 0.0% ± 42.4

‐4.3% ± 6.7 4.8% ± 27.3

2.2% ± 6.1 27.8% ± 17.5

‐4.3% ± 10.1 15.8% ± 25.5

66 69 67 71 75 71 74 77 77 76 76

2

Percent Change Feb. 2018 from Jan. 2018 . . . . . . . . . . . . . 90 percent confidence interval 3 . . . . . . Feb. 2018 from Feb. 2017 . . . . . . . . . . . . 3 . 90 percent confidence interval . . . . . .

‐1.9% ± 3.7 17.8% ± 10.3

‐2.2% ± 4.9 17.6% ± 11.2

10.0% ± 9.7 22.2% ± 35.7

‐2.5% ± 5.5 16.7% ± 13.7

‐2.0% ± 6.5 19.5% ± 14.8

Table 2b ‐ Not seasonally adjusted Period Total 2017 February . . . . . . . . . . . . . . . . . . . . . . . . . . 131.5 March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 144.6 April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 143.7 May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 151.3 June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155.9 July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140.6 August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 153.1 September . . . . . . . . . . . . . . . . . . . . . . . . 151.3 October . . . . . . . . . . . . . . . . . . . . . . . . . . . 149.5 November . . . . . . . . . . . . . . . . . . . . . . . . . 144.3 December (r) . . . . . . . . . . . . . . . . . . . . . . 153.4


Northeast

Midwest

West

South

Total

1 unit

Total

1 unit

Total

1 unit

Total

1 unit

64.7 70.7 67.7 72.1 78.9 72.2 78.2 78.8 75.6 72.1 73.8

1.4 1.9 1.5 1.2 2.2 2.3 2.5 1.9 1.9 1.8 1.9

60.1 59.9 64.0 66.4 68.4 60.4 69.6 71.0 69.5 67.0 71.4

12.3 13.3 15.1 18.1 13.9 12.7 12.7 14.0 11.0 10.9 15.2

5.2 5.2 5.6 6.6 6.7 5.4 5.3 5.2 4.8 4.8 5.2

19.4 21.6 21.7 21.4 20.3 18.9 20.3 19.7 19.6 19.0 20.1

7.6 10.8 10.4 9.5 9.9 8.9 10.5 10.1 8.8 7.9 8.0

39.3 46.5 43.2 47.1 47.3 44.5 44.7 44.8 44.1 43.2 45.9

35.1 39.0 39.3 39.6 42.7 36.8 41.9 38.9 43.3 42.3 44.2

17.8 20.3 19.0 20.5 21.4 19.0 20.5 18.3 20.2 19.6 21.0

2018 January (r) . . . . . . . . . . . . . . . . . . . . . . . . . 157.9 86.2 2.8 February (p) . . . . . . . . . . . . . . . . . . . . . . 156.8 85.2 2.8 1 . Average RSE (%) . . . . . . . . . . . . . . . . . 7 6 58

69.0 68.9 10

14.6 14.7 17

5.7 5.5 19

21.7 21.8 16

8.6 77.6 48.9 10.2 75.7 48.0 16 8 8

44.0 44.6 12

22.9 21.5 15

69.9 82.8 78.3 83.6 85.3 77.8 81.0 78.4 78.0 75.4 80.1


Average relative standard error for the latest 6‐month period Computed using unrounded data 3 See the Explanatory Notes in the accompanying text for an explantion of 90 percent confidence intervals Note: These data represent the number of housing units authorized in all months up to and including the last day of the reporting period and not started as of that date without regard to the months of original permit issuance. Cancelled, abandoned, expired, and revoked permits are excluded. 2


New Privately‐Owned Housing Units Started (Thousands of Units. Detail may not add to total because of rounding.)

Table 3a ‐ Seasonally adjusted annual rate Period Total 2017 February . . . . . . . . . . . . . . . . . . . . . . . . . . 1,288 March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,189 April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,154 May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,129 June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,217 July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,185 August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,172 September . . . . . . . . . . . . . . . . . . . . . . . . 1,159 October . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,261 November . . . . . . . . . . . . . . . . . . . . . . . . . 1,299 December (r) . . . . . . . . . . . . . . . . . . . . . . 1,207


Northeast Total

Midwest

1 unit

South

West

Total

1 unit

Total

1 unit

Total

1 unit

658 633 562 564 529 611 583 543 613 675 594

877 824 823 795 857 841 871 832 887 946 847


392 355 314 320 354 333 292 310 356 345 356

111 116 85 85 158 120 108 101 145 93 88

67 65 47 55 62 69 68 75 64 62 49

182 139 200 165 202 161 171 187 200 179 170

163 105 124 140 134 116 117 127 145 139 124

448 466 449 410 452 463 476 410 472 513 444

337 301 307 315 328 293 310 328 303 352 355

199 188 203 190 209 193 210 220 206 232 230

2018 January (r) . . . . . . . . . . . . . . . . . . . . . . . . . 1,329 877 February (p) . . . . . . . . . . . . . . . . . . . . . . 1,236 902 1 . Average RSE (%) . . . . . . . . . . . . . . . . . 5 4

S S X

440 317 13

113 109 16

60 64 13

144 155 14

121 683 468 103 633 487 12 7 6

389 339 10

228 248 8

S X S X

‐28.0% ± 38.5 ‐19.1% ± 24.1

‐3.5% ± 55.1 ‐1.8% ± 59.9

6.7% ± 34.9 ‐4.5% ± 30.1

7.6% ± 33.2 ‐14.8% ± 29.7

‐12.9% ± 18.5 0.6% ± 24.6

8.8% ± 19.3 24.6% ± 23.0

2


‐7.0% ± 16.7 ‐4.0% ± 12.2

2.9% ± 10.8 2.9% ± 10.8

‐14.9% ± 20.4 ‐36.8% ± 16.8

‐7.3% ± 25.9 ‐3.8% ± 15.2

4.1% ± 15.6 8.7% ± 12.9



Northeast

Midwest

South

Total

1 unit

Total

1 unit

Total

1 unit

2016 Annual . . . . . . . . . . . . . . . . . . . . . . . 1,173.8 781.5 11.5 2017 Annual (r) . . . . . . . . . . . . . . . . . . . . 1,203.0 848.9 11.4 . RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . 2 1 19

380.8 342.7 6

116.1 111.4 4

60.1 62.0 3

182.3 179.6 3

120.9 584.6 421.1 130.2 598.7 453.0 2 2 2

290.9 313.2 3

179.4 203.8 2

2017 Year to date . . . . . . . . . . . . . . . . . . . 170.1 111.9 1.5 2018 Year to date . . . . . . . . . . . . . . . . . . . 176.1 120.7 2.0 . RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . 5 3 46

56.7 53.4 12

14.7 13.8 11

6.9 6.8 14

19.6 15.5 10

13.8 96.4 66.0 10.2 96.4 70.9 8 6 4

39.4 50.5 8

25.1 32.7 7

Year to date percent change² . . . . . . . . 3 . 90 percent confidence interval . . . . . .

1 unit

Total

West

3.5% ± 9.1

7.8% ± 7.2

32.2% ± 144.7

‐5.8% ± 19.3

‐6.2% ± 28.2

‐1.6% ± 26.1

‐21.3% ± 23.5

‐26.2% ± 12.3

0.0% ± 11.8

7.4% ± 9.5

28.2% ± 19.7

30.2% ± 14.5

2017 February . . . . . . . . . . . . . . . . . . . . . . . . . . 87.8 March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97.1 April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105.2 May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106.0 June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116.3 July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112.3 August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102.6 September . . . . . . . . . . . . . . . . . . . . . . . . 104.4 October . . . . . . . . . . . . . . . . . . . . . . . . . . . 109.6 November . . . . . . . . . . . . . . . . . . . . . . . . . 97.9 December (r) . . . . . . . . . . . . . . . . . . . . . . 81.4

58.8 69.5 76.9 76.9 83.8 79.4 78.1 72.5 75.7 69.1 55.1

1.3 0.7 1.4 1.2 0.5 1.1 0.7 1.6 1.6 0.7 0.3

27.7 27.0 26.8 28.0 31.9 31.9 23.8 30.2 32.3 28.1 26.1

6.6 8.8 7.7 7.9 14.8 11.5 9.6 9.3 13.5 7.5 6.2

3.5 4.9 4.4 5.2 6.1 6.7 6.3 6.8 6.2 5.0 3.4

8.9 9.9 18.8 16.8 20.6 16.1 15.4 18.2 19.4 14.6 10.1

7.6 7.3 12.3 14.6 14.5 11.8 11.0 12.4 14.4 11.3 6.8

48.4 53.8 50.3 52.5 49.5 56.3 50.6 47.9 51.7 49.3 40.4

33.6 41.1 40.7 39.1 42.6 42.1 41.9 35.0 39.0 36.1 29.4

23.8 24.7 28.4 28.9 31.4 28.4 27.0 28.8 25.0 26.5 24.7

14.1 16.1 19.5 18.0 20.6 18.8 18.9 18.3 16.2 16.7 15.5

2018 January (r) . . . . . . . . . . . . . . . . . . . . . . . . . 90.2 58.0 0.8 February (p) . . . . . . . . . . . . . . . . . . . . . . 85.9 62.7 1.2 1 . Average RSE (%) . . . . . . . . . . . . . . . . . 5 4 52

31.3 22.1 13

7.3 6.5 16

3.5 3.4 13

7.2 8.3 14

5.5 49.5 34.2 4.7 46.8 36.6 12 7 6

26.2 24.3 10

14.8 18.0 8


Average relative standard error for the latest 6‐month period Computed using unrounded data 3 See the Explanatory Notes in the accompanying text for an explantion of 90 percent confidence intervals 2


New Privately‐Owned Housing Units Under Construction at End of Period (Thousands of Units. Detail may not add to total because of rounding.)

Table 4a ‐ Seasonally adjusted Period Total 2017 February . . . . . . . . . . . . . . . . . . . . . . . . . . 1,080 March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,074 April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,074 May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,068 June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,068 July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,067 August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,078 September . . . . . . . . . . . . . . . . . . . . . . . . 1,088 October . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,098 November . . . . . . . . . . . . . . . . . . . . . . . . . 1,105 December (r) . . . . . . . . . . . . . . . . . . . . . . 1,108


Northeast Total

Midwest

1 unit

Total

South 1 unit

West

Total

1 unit

Total

1 unit

452 452 445 442 442 441 448 445 445 445 445

455 454 457 459 462 461 472 479 487 495 500


614 610 607 599 597 597 596 599 599 599 598

194 189 190 184 184 185 186 189 192 188 186

54 52 51 51 50 50 51 53 53 53 53

151 149 151 154 153 151 152 152 154 155 155

76 73 74 76 77 77 77 78 80 82 83

215 218 219 219 222 221 228 227 231 231 230

283 284 288 288 289 290 292 302 307 317 322

110 111 113 113 113 113 116 121 123 129 134

2018 January (r) . . . . . . . . . . . . . . . . . . . . . . . . . 1,114 500 February (p) . . . . . . . . . . . . . . . . . . . . . . 1,115 501 1 . Average RSE (%) . . . . . . . . . . . . . . . . . 3 3

S S X

604 603 6

188 186 7

53 53 5

151 152 4

82 450 231 81 451 231 5 4 4

325 326 5

134 136 4

S X S X

‐0.2% ± 1.2 ‐1.8% ± 4.9

‐1.1% ± 1.3 ‐4.1% ± 6.5

0.0% ± 2.0 ‐1.9% ± 7.0

0.7% ± 1.4 0.7% ± 8.4

0.3% ± 1.2 15.2% ± 5.5

1.5% ± 2.0 23.6% ± 6.2

2


0.1% ± 0.8 3.2% ± 3.1

0.2% ± 1.1 10.1% ± 3.5

‐1.2% ± 1.7 6.6% ± 9.3

0.2% ± 1.5 ‐0.2% ± 5.3

0.0% ± 2.1 7.4% ± 6.0

Table 4b ‐ Not seasonally adjusted Period Total 2017 February . . . . . . . . . . . . . . . . . . . . . . . . . . 1,051.1 March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,052.6 April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,071.4 May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,077.5 June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,083.4 July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,092.6 August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,095.9 September . . . . . . . . . . . . . . . . . . . . . . . . 1,106.4 October . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,110.3 November . . . . . . . . . . . . . . . . . . . . . . . . . 1,113.2 December (r) . . . . . . . . . . . . . . . . . . . . . . 1,080.5

United States 2 to 4 5 units 1 unit units or more 430.4 435.0 450.9 461.4 473.5 482.8 493.8 498.1 500.0 500.6 476.5

Northeast

Midwest

South

West

Total

1 unit

Total

1 unit

Total

1 unit

Total

1 unit

441.0 443.1 445.1 447.2 448.0 451.7 456.2 453.4 449.1 447.3 431.0

11.2 10.4 9.9 10.0 8.9 9.1 9.5 10.3 11.5 11.3 10.4

609.5 607.2 610.6 606.1 601.0 600.7 592.6 598.0 598.8 601.2 593.7

190.9 187.4 189.9 185.4 185.8 187.5 186.7 189.2 193.5 190.1 184.6

51.6 50.7 50.4 50.7 51.0 51.4 52.3 54.0 54.5 54.6 52.1

143.7 143.2 147.8 153.9 155.6 156.3 155.5 156.8 158.4 158.3 151.8

69.5 67.8 70.1 75.2 79.0 81.4 81.2 82.6 84.3 85.4 80.6

205.9 210.3 217.8 221.7 227.1 230.3 237.3 235.5 235.6 232.2 217.5

275.6 278.9 288.7 291.1 294.0 297.1 297.6 306.9 309.3 317.6 313.1

103.5 106.1 112.5 113.8 116.5 119.7 122.9 125.9 125.6 128.5 126.3

2018 January (r) . . . . . . . . . . . . . . . . . . . . . . . . . 1,086.5 474.7 10.4 February (p) . . . . . . . . . . . . . . . . . . . . . . 1,085.5 475.1 11.0 1 . Average RSE (%) . . . . . . . . . . . . . . . . . 3 3 18

601.4 599.4 6

185.5 182.6 7

51.2 50.8 5

147.0 145.8 4

77.8 437.1 219.2 75.0 439.3 220.4 5 4 4

316.9 317.8 5

126.4 128.8 4




New Privately‐Owned Housing Units Completed (Thousands of Units. Detail may not add to total because of rounding.)

Table 5a ‐ Seasonally adjusted annual rate Period Total 2017 February . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,161 March . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,194 April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,098 May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,180 June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,230 July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,194 August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,091 September . . . . . . . . . . . . . . . . . . . . . . . . . 1,081 October . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,184 November . . . . . . . . . . . . . . . . . . . . . . . . . 1,138 December (r) . . . . . . . . . . . . . . . . . . . . . . . 1,197


Northeast Total

Midwest

1 unit

Total

South 1 unit

Total 575 629 591 600 541 637 528 593 628 594 617

West 1 unit

Total

1 unit

763 810 774 799 815 844 748 771 794 778 838


382 368 301 369 404 343 340 303 383 345 346

119 111 88 138 134 106 133 79 138 140 114

40 60 60 54 61 75 56 53 60 57 64

123 188 183 146 220 171 178 179 147 178 174

108 134 127 120 128 106 125 112 128 111 120

402 449 420 426 419 471 395 428 427 457 464

344 266 236 296 335 280 252 230 271 226 292

213 167 167 199 207 192 172 178 179 153 190

2018 January (r) . . . . . . . . . . . . . . . . . . . . . . . . . 1,224 869 February (p) . . . . . . . . . . . . . . . . . . . . . . . 1,319 895 1 . Average RSE (%) . . . . . . . . . . . . . . . . . . 6 5

S S X

344 418 14

113 160 23

60 61 15

169 164 13

131 595 450 129 659 484 10 8 9

347 336 9

228 221 9

S X S X

21.5% ± 43.0 9.4% ± 46.6

41.6% ± 107.9 34.5% ± 117.5

1.7% ± 35.7 52.5% ± 79.5

‐3.0% ± 20.2 33.3% ± 33.1

‐3.2% ± 26.2 ‐2.3% ± 21.7

‐3.1% ± 18.5 3.8% ± 14.6

2

Percent Change Feb. 2018 from Jan. 2018 . . . . . . . . . . . . 3 . 90 percent confidence interval . . . . . . Feb. 2018 from Feb. 2017 . . . . . . . . . . . . . 90 percent confidence interval 3 . . . . . .

7.8% ± 14.8 13.6% ± 16.0

3.0% ± 10.6 17.3% ± 10.0

‐1.5% ± 23.1 19.4% ± 26.4

10.8% ± 15.2 14.6% ± 18.2

7.6% ± 17.3 20.4% ± 18.0



Northeast Total

Midwest

1 unit

Total

West

South 1 unit

Total

1 unit

Total

1 unit

2016 Annual . . . . . . . . . . . . . . . . . . . . . . . 1,059.7 738.4 10.4 2017 Annual (r) . . . . . . . . . . . . . . . . . . . . . 1,152.9 795.3 10.7 . RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 1 17

311.0 346.9 5

99.5 115.7 5

55.2 59.0 5

164.0 172.3 4

116.8 551.3 402.9 120.5 594.7 435.5 2 2 2

245.0 270.3 3

163.5 180.4 2

2017 Year to date . . . . . . . . . . . . . . . . . . . 153.6 107.7 1.3 2018 Year to date . . . . . . . . . . . . . . . . . . . 175.2 122.2 1.1 . RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 3 45

44.5 51.9 13

13.1 18.3 29

6.7 8.0 12

18.9 21.3 10

15.1 84.1 62.1 16.4 89.3 67.4 8 5 5

37.4 46.3 6

23.8 30.4 5

Year to date percent change² . . . . . . . . . 3 . 90 percent confidence interval . . . . . .

14.1% ± 11.3

13.4% ± 7.2

‐15.2% ± 76.3

16.6% ± 33.2

39.8% ± 73.7

18.8% ± 27.3

12.7% ± 22.6

8.2% ± 21.8

6.1% ± 15.9

8.7% ± 11.5

23.7% ± 15.7

27.7% ± 13.5

2017 February . . . . . . . . . . . . . . . . . . . . . . . . . . . 78.9 March . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92.0 April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 83.4 May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98.1 June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109.9 July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102.2 August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102.1 September . . . . . . . . . . . . . . . . . . . . . . . . . 96.2 October . . . . . . . . . . . . . . . . . . . . . . . . . . . 106.9 November . . . . . . . . . . . . . . . . . . . . . . . . . 95.1 December (r) . . . . . . . . . . . . . . . . . . . . . . . 113.4

52.7 62.4 60.1 66.9 71.3 69.4 65.6 68.2 73.3 68.1 82.4

1.1 1.3 1.6 1.0 1.1 0.6 0.3 0.7 0.6 1.1 1.2

25.1 28.3 21.7 30.3 37.5 32.1 36.2 27.3 33.1 26.0 29.8

7.5 8.0 6.3 11.6 12.5 9.0 13.1 8.0 12.1 11.4 10.5

2.3 4.0 4.3 4.8 5.7 6.2 4.9 5.6 5.4 5.1 6.2

7.6 13.3 13.9 11.9 19.2 15.1 16.8 16.7 14.5 15.1 16.9

6.6 9.2 9.9 9.8 10.7 8.9 11.2 10.6 12.9 10.1 12.2

40.6 50.0 45.3 49.6 48.2 54.0 48.7 51.1 55.9 49.4 58.5

29.2 36.1 33.0 35.3 36.9 38.4 34.5 36.3 38.5 39.1 45.3

23.1 20.7 17.8 25.0 30.0 24.1 23.6 20.5 24.5 19.3 27.6

14.5 13.0 12.8 17.0 18.1 15.8 15.1 15.7 16.5 13.8 18.7

2018 January (r) . . . . . . . . . . . . . . . . . . . . . . . . . 84.2 59.7 0.8 February (p) . . . . . . . . . . . . . . . . . . . . . . . 91.1 62.5 0.4 . Average RSE (%) 1 . . . . . . . . . . . . . . . . . . 6 5 49

23.7 28.2 14

8.0 10.3 23

4.4 3.6 15

11.1 10.2 13

8.5 41.9 31.9 7.9 47.3 35.5 10 8 9

23.1 23.2 9

14.9 15.5 9


