New Residential Construction - Census Bureau

FOR RELEASE AT 8:30 AM EDT, TUESDAY, JUNE 19, 2018

MONTHLY NEW RESIDENTIAL CONSTRUCTION, MAY 2018 Release Number: CB18-95 June 19, 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 May 2018: New Residential Construction

NEW RESIDENTIAL CONSTRUCTION MAY 2018

(Seasonally Adjusted Annual Rate) Thousands of Units

1,500 1,200

Building Permits:

1,301,000

Housing Starts:

1,350,000

Housing Completions:

1,291,000

900 600 Permits Starts Completions

300

Next Release: July 18, 2018

0 May-13

Seasonally Adjusted Annual Rate Source: U.S. Census Bureau, HUD, June 19, 2018

May-14

May-15

May-16

May-17

May-18

Source: U.S. Census Bureau, HUD, June 19, 2018

Building Permits Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,301,000. This is 4.6 percent (±1.4 percent) below the revised April rate of 1,364,000, but is 8.0 percent (±1.3 percent) above the May 2017 rate of 1,205,000. Single-family authorizations in May were at a rate of 844,000; this is 2.2 percent (±1.0 percent) below the revised April figure of 863,000. Authorizations of units in buildings with five units or more were at a rate of 421,000 in May. Housing Starts Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,350,000. This is 5.0 percent (±10.2 percent)* above the revised April estimate of 1,286,000 and is 20.3 percent (±14.4 percent) above the May 2017 rate of 1,122,000. Single-family housing starts in May were at a rate of 936,000; this is 3.9 percent (±10.6 percent)* above the revised April figure of 901,000. The May rate for units in buildings with five units or more was 404,000. Housing Completions Privately-owned housing completions in May were at a seasonally adjusted annual rate of 1,291,000. This is 1.9 percent (±13.7 percent)* above the revised April estimate of 1,267,000 and is 10.4 percent (±12.1 percent)* above the May 2017 rate of 1,169,000. Single-family housing completions in May were at a rate of 890,000; this is 11.0 percent (±12.7 percent)* above the revised April rate of 802,000. The May rate for units in buildings with five units or more was 389,000.

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

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

The June report is scheduled for release on July 18, 2018. View the full schedule in the Economic Briefing Room: . The full text and tables for this release can be found at . 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 six 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. FRED Mobile App Receive the latest updates on the nation’s key economic indicators by downloading the FRED App for both Apple and Android devices. FRED, the signature database of the Federal Reserve Bank of St. Louis, now incorporates the Census Bureau’s 13 economic indicators. ### * 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

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

Northeast Total

1 unit

Midwest Total

South 1 unit

Total

West 1 unit

Total

1 unit

2017 May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . . . . . . . . . . . . . . September . . . . . . . . . . . . . . . . . . . . . . . . . October . . . . . . . . . . . . . . . . . . . . . . . . . . . November . . . . . . . . . . . . . . . . . . . . . . . . . December . . . . . . . . . . . . . . . . . . . . . . . . .

1,205 1,312 1,258 1,300 1,254 1,343 1,323 1,320

784 813 817 803 831 854 864 877

35 37 42 36 36 35 41 38

386 462 399 461 387 454 418 405

124 105 122 109 120 121 113 144

50 55 54 56 70 51 52 53

178 212 173 189 189 197 187 220

109 120 117 114 123 127 130 133

597 643 638 634 612 647 660 589

439 447 457 432 434 461 469 463

306 352 325 368 333 378 363 367

186 191 189 201 204 215 213 228

2018 January . . . . . . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . . . . . . March . . . . . . . . . . . . . . . . . . . . . . . . . . . . . April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . . May (p) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 . Average RSE (%) . . . . . . . . . . . . . . . . . .

1,366 1,323 1,377 1,364 1,301 2

870 886 851 863 844 2

45 46 40 41 36 5

451 391 486 460 421 1

115 145 135 95 135 2

48 63 51 51 57 4

176 192 203 195 209 3

124 127 119 123 121 4

697 617 652 727 626 2

470 471 456 479 463 2

378 369 387 347 331 2

228 225 225 210 203 3

‐4.6% ± 1.4 8.0% ± 1.3

‐2.2% ± 1.0 7.7% ± 1.3

‐12.2% ± 9.6 2.9% ± 10.3

‐8.5% ± 4.2 9.1% ± 3.5

42.1% ± 6.8 8.9% ± 4.2

11.8% ± 9.1 14.0% ± 7.5

7.2% ± 8.4 17.4% ± 7.0

‐1.6% ± 5.1 11.0% ± 3.8

‐13.9% ± 1.3 4.9% ± 1.1

‐3.3% ± 1.7 5.5% ± 1.8

‐4.6% ± 1.6 8.2% ± 1.1

‐3.3% ± 2.4 9.1% ± 1.7

2

Percent Change May. 2018 from Apr. 2018 . . . . . . . . . . . 3 . 90 percent confidence interval . . . . . . May. 2018 from May. 2017 . . . . . . . . . . 3 . 90 percent confidence interval . . . . . .

Table 1b ‐ Not seasonally adjusted Period Total


Northeast Total

1 unit

Midwest Total

South 1 unit

Total

West 1 unit

Total

1 unit

2016 Annual . . . . . . . . . . . . . . . . . . . . . . . 1,206.6 750.8 34.8 421.1 116.4 54.3 186.1 112.4 594.5 406.0 309.6 178.1 2017 Annual . . . . . . . . . . . . . . . . . . . . . . . 1,282.0 820.0 37.2 424.8 123.6 54.2 195.1 121.5 626.9 447.6 336.4 196.7 . RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . X X X X X X X X X X X X 2017 Year to date . . . . . . . . . . . . . . . . . . . 505.7 335.0 13.7 157.0 48.9 21.4 73.4 47.4 255.8 187.9 127.6 78.3 2018 Year to date . . . . . . . . . . . . . . . . . . . 550.6 363.7 16.1 170.8 48.2 21.0 74.8 48.3 280.8 202.9 146.8 91.5 . RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 4 1 2 3 3 4 1 2 2 3 Year to date percent change² . . . . . . . . . 3 . 90 percent confidence interval . . . . . .

8.9% ± 0.9

8.6% ± 0.9

17.5% ± 8.6

8.8% ± 1.6

‐1.4% ± 2.1

‐1.9% ± 3.5

1.9% ± 2.8

1.9% ± 1.9

9.8% ± 0.6

8.0% ± 0.4

15.1% ± 2.7

16.9% ± 4.2


115.3 130.8 102.9 122.1 103.3 116.3 98.8 94.8

78.4 81.8 69.2 76.6 66.6 71.0 62.0 56.5

3.1 3.8 3.3 3.5 3.2 3.1 3.2 2.8

33.8 45.2 30.4 42.0 33.5 42.3 33.6 35.5

11.9 11.0 10.6 10.0 10.8 10.3 9.1 11.7

5.0 5.6 4.8 5.3 6.2 4.6 4.2 3.5

18.2 21.7 14.9 19.2 18.0 19.8 14.5 13.0

11.9 12.7 10.5 11.8 11.0 12.0 9.6 7.0

56.0 61.6 51.6 58.8 47.6 55.1 47.6 42.6

42.5 43.2 37.8 40.5 33.8 37.0 33.2 30.7

29.2 36.6 25.7 34.0 26.9 31.1 27.5 27.4

18.9 20.3 16.1 18.9 15.7 17.3 15.0 15.4

2018 January . . . . . . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . . . . . . March . . . . . . . . . . . . . . . . . . . . . . . . . . . . . April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . . May (p) . . . . . . . . . . . . . . . . . . . . . . . . . . . . Average RSE (%) 1 . . . . . . . . . . . . . . . . . .

96.7 92.1 117.6 119.9 124.9 2

61.8 62.2 75.8 79.1 84.4 2

3.2 3.2 3.3 3.3 3.2 5

31.7 26.7 38.4 37.4 37.3 1

7.5 8.2 10.5 7.8 13.6 2

3.0 3.4 4.2 4.6 5.8 4

9.2 9.7 15.9 18.2 21.6 3

6.0 6.9 10.1 11.9 13.2 4

53.7 47.7 57.3 64.0 58.5 2

36.9 35.9 41.7 43.4 44.8 2

26.3 26.4 33.9 29.9 31.3 2

15.9 15.9 19.8 19.2 20.6 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, June 19, 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


Northeast Total

1 unit

Midwest Total

South 1 unit

Total

West 1 unit

Total

1 unit


147 145 142 149 150 154 152 159

80 78 79 78 77 81 80 87

S S S S S S S S

66 65 61 69 71 71 70 70

17 13 13 13 14 12 12 15

6 6 5 5 5 5 5 6

21 20 20 20 18 19 20 23

9 9 9 10 9 9 9 10

72 74 71 74 77 77 76 76

46 44 45 43 44 46 45 49

37 38 38 42 41 46 44 45

19 19 20 20 19 21 21 22

2018 January . . . . . . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . . . . . . March (r) . . . . . . . . . . . . . . . . . . . . . . . . . . April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . . May (p) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 . Average RSE (%) . . . . . . . . . . . . . . . . . .

163 160 160 161 159 6

90 89 89 89 89 6

S S S S S X

70 69 68 70 68 10

14 13 14 11 13 17

6 6 7 6 7 22

23 23 22 26 23 14

10 11 10 12 11 16

80 79 81 84 82 8

51 50 51 50 49 7

46 45 43 40 41 11

23 22 21 21 22 15

‐1.2% ± 4.3 8.2% ± 8.6

0.0% ± 6.5 11.3% ± 9.2

S X S X

‐2.9% ± 5.3 3.0% ± 14.7

18.2% ± 20.1 ‐23.5% ± 30.1

16.7% ± 18.0 16.7% ± 42.7

‐11.5% ± 10.6 9.5% ± 19.9

‐8.3% ± 17.8 22.2% ± 37.4

‐2.4% ± 6.3 13.9% ± 10.3

‐2.0% ± 8.6 6.5% ± 10.6

2.5% ± 5.5 10.8% ± 16.0

4.8% ± 8.6 15.8% ± 15.1

2




Northeast Total

1 unit

Midwest Total

West

South 1 unit

Total

1 unit

Total

1 unit


151.3 155.9 140.6 153.1 151.3 149.5 144.3 153.4

83.6 85.3 77.8 81.0 78.4 78.0 75.4 80.1

1.2 2.2 2.3 2.5 1.9 1.9 1.8 1.9

66.4 68.4 60.4 69.6 71.0 69.5 67.0 71.4

18.1 13.9 12.7 12.7 14.0 11.0 10.9 15.2

6.6 6.7 5.4 5.3 5.2 4.8 4.8 5.2

21.4 20.3 18.9 20.3 19.7 19.6 19.0 20.1

9.5 9.9 8.9 10.5 10.1 8.8 7.9 8.0

72.1 78.9 72.2 78.2 78.8 75.6 72.1 73.8

47.1 47.3 44.5 44.7 44.8 44.1 43.2 45.9

39.6 42.7 36.8 41.9 38.9 43.3 42.3 44.2

20.5 21.4 19.0 20.5 18.3 20.2 19.6 21.0


157.5 157.9 164.9 163.7 165.0 6

85.8 86.9 93.9 91.3 94.6 6

2.9 2.4 2.8 1.9 2.0 24

68.7 68.6 68.1 70.5 68.4 10

13.6 13.6 14.0 11.2 14.1 17

5.6 6.5 7.0 6.6 7.1 22

21.5 22.9 24.7 26.0 24.0 14

8.5 10.3 11.8 13.3 12.5 16

77.9 78.0 82.0 83.9 83.2 8

48.9 48.8 53.9 50.3 51.4 7

44.4 43.4 44.2 42.5 43.8 11

22.8 21.3 21.2 21.1 23.6 15


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.)



Northeast Total

Midwest

1 unit

Total

South 1 unit

Total

West 1 unit

Total

1 unit


1,122 1,225 1,185 1,172 1,158 1,265 1,303 1,210

791 860 839 878 831 888 948 847

S S S S S S S S

317 359 335 286 310 359 347 359

85 160 119 107 101 145 93 88

55 63 68 68 75 64 62 49

164 204 161 170 186 200 178 170

139 135 116 117 126 144 138 124

559 530 611 586 543 617 678 594

407 452 462 482 410 475 515 443

314 331 294 309 328 303 354 358

190 210 193 211 220 205 233 231


1,334 1,290 1,327 1,286 1,350 5

886 900 882 901 936 4

S S S S S X

435 372 431 363 404 14

116 132 120 120 102 18

62 65 61 59 65 15

145 154 182 164 266 13

122 109 140 108 156 10

684 615 630 659 653 7

474 476 440 517 499 6

389 389 395 343 329 9

228 250 241 217 216 8

5.0% ± 10.2 20.3% ± 14.4

3.9% ± 10.6 18.3% ± 13.7

S X S X

11.3% ± 26.4 27.4% ± 36.7

‐15.0% ± 33.0 20.0% ± 35.8

10.2% ± 31.1 18.2% ± 33.4

62.2% ± 28.1 62.2% ± 42.9

44.4% ± 22.9 12.2% ± 30.4

‐0.9% ± 14.4 16.8% ± 20.3

‐3.5% ± 14.2 22.6% ± 20.4

‐4.1% ± 19.0 4.8% ± 18.0

‐0.5% ± 18.7 13.7% ± 12.0

2




Northeast Total

Midwest

1 unit

Total

South 1 unit

Total

West 1 unit

Total

1 unit

2016 Annual . . . . . . . . . . . . . . . . . . . . . . . 1,173.8 781.5 11.5 380.8 116.1 60.1 182.3 120.9 584.6 421.1 290.9 179.4 2017 Annual . . . . . . . . . . . . . . . . . . . . . . . 1,203.0 848.9 11.4 342.7 111.4 62.0 179.6 130.2 598.7 453.0 313.2 203.8 . RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 1 19 6 4 3 3 2 2 2 3 2 2017 Year to date . . . . . . . . . . . . . . . . . . . 478.5 335.2 4.9 138.4 39.0 21.5 65.1 48.1 252.9 186.9 121.4 78.7 2018 Year to date . . . . . . . . . . . . . . . . . . . 531.0 368.2 6.0 156.9 44.9 23.3 69.9 47.4 267.7 202.8 148.6 94.8 . RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 29 7 6 5 6 5 3 3 4 3 Year to date percent change² . . . . . . . . . 3 . 90 percent confidence interval . . . . . .

11.0% ± 4.9

9.8% ± 3.9

23.1% ± 50.0

13.3% ± 13.2

15.1% ± 16.7

8.1% ± 13.7

7.3% ± 16.4

‐1.5% ± 8.8

5.8% ± 5.6

8.5% ± 4.8

22.4% ± 9.4

20.4% ± 7.2


106.0 116.3 112.3 102.6 104.4 109.6 97.9 81.4

76.9 83.8 79.4 78.1 72.5 75.7 69.1 55.1

1.2 0.5 1.1 0.7 1.6 1.6 0.7 0.3

28.0 31.9 31.9 23.8 30.2 32.3 28.1 26.1

7.9 14.8 11.5 9.6 9.3 13.5 7.5 6.2

5.2 6.1 6.7 6.3 6.8 6.2 5.0 3.4

16.8 20.6 16.1 15.4 18.2 19.4 14.6 10.1

14.6 14.5 11.8 11.0 12.4 14.4 11.3 6.8

52.5 49.5 56.3 50.6 47.9 51.7 49.3 40.4

39.1 42.6 42.1 41.9 35.0 39.0 36.1 29.4

28.9 31.4 28.4 27.0 28.8 25.0 26.5 24.7

18.0 20.6 18.8 18.9 18.3 16.2 16.7 15.5

2018 January . . . . . . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . . . . . . March (r) . . . . . . . . . . . . . . . . . . . . . . . . . . April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . . May (p) . . . . . . . . . . . . . . . . . . . . . . . . . . . . Average RSE (%) 1 . . . . . . . . . . . . . . . . . .

91.6 89.7 107.2 117.6 124.9 5

59.9 62.4 72.5 85.1 88.3 4

0.9 1.2 1.1 1.8 0.9 50

30.8 26.1 33.5 30.7 35.7 14

7.5 8.1 9.2 10.7 9.5 18

3.6 3.4 4.6 5.5 6.2 15

7.2 8.1 12.9 15.3 26.4 13

5.5 5.0 9.6 10.6 16.7 10

50.8 45.6 52.4 60.3 58.6 7

36.0 35.9 37.6 48.3 45.0 6

26.1 27.9 32.7 31.4 30.4 9

14.8 18.1 20.8 20.7 20.4 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


Northeast Total

Midwest

1 unit

Total

South 1 unit

Total

West 1 unit

Total

1 unit


1,070 1,069 1,071 1,081 1,089 1,097 1,104 1,105

460 462 463 473 478 486 494 497

S S S S S S S S

600 598 599 598 601 599 599 598

184 185 186 187 189 192 188 185

51 51 50 51 53 53 53 52

154 153 153 153 152 154 154 154

76 77 78 78 78 80 81 82

443 441 441 448 445 444 445 445

220 221 221 227 226 230 231 230

289 290 291 293 303 307 317 321

113 113 114 117 121 123 129 133


1,117 1,119 1,125 1,125 1,127 3

502 503 508 514 515 3

S S S S S X

604 605 606 599 600 6

189 189 185 184 185 7

53 52 53 53 54 5

152 152 156 151 155 5

82 80 83 82 82 5

452 451 450 455 450 4

233 234 231 240 239 4

324 327 334 335 337 5

134 137 141 139 140 5

0.2% ± 1.0 5.3% ± 2.6

0.2% ± 1.7 12.0% ± 3.9

S X S X

0.2% ± 1.4 0.0% ± 4.6

0.5% ± 1.9 0.5% ± 9.0

1.9% ± 3.2 5.9% ± 6.3

2.6% ± 3.3 0.6% ± 7.4

0.0% ± 4.1 7.9% ± 11.3

‐1.1% ± 1.8 1.6% ± 3.8

‐0.4% ± 2.6 8.6% ± 6.6

0.6% ± 1.2 16.6% ± 3.8

0.7% ± 1.8 23.9% ± 5.1

2




Northeast Total

Midwest

1 unit

Total

South 1 unit

Total

West 1 unit

Total

1 unit


1,077.5 1,083.4 1,092.6 1,095.9 1,106.4 1,110.3 1,113.2 1,080.5

461.4 473.5 482.8 493.8 498.1 500.0 500.6 476.5

10.0 8.9 9.1 9.5 10.3 11.5 11.3 10.4

606.1 601.0 600.7 592.6 598.0 598.8 601.2 593.7

185.4 185.8 187.5 186.7 189.2 193.5 190.1 184.6

50.7 51.0 51.4 52.3 54.0 54.5 54.6 52.1

153.9 155.6 156.3 155.5 156.8 158.4 158.3 151.8

75.2 79.0 81.4 81.2 82.6 84.3 85.4 80.6

447.2 448.0 451.7 456.2 453.4 449.1 447.3 431.0

221.7 227.1 230.3 237.3 235.5 235.6 232.2 217.5

291.1 294.0 297.1 297.6 306.9 309.3 317.6 313.1

113.8 116.5 119.7 122.9 125.9 125.6 128.5 126.3


1,088.5 1,090.7 1,102.4 1,120.3 1,135.3 3

476.2 477.5 486.6 506.5 518.0 3

10.5 11.2 11.3 12.0 11.9 17

601.9 602.0 604.5 601.8 605.4 6

186.8 186.2 182.5 183.7 185.7 7

51.4 50.3 50.9 52.4 53.5 5

146.6 146.6 150.6 147.5 155.5 5

77.3 74.7 77.4 77.8 82.0 5

438.9 439.0 441.6 454.3 454.5 4

220.8 223.0 223.2 238.2 241.3 4

316.3 318.9 327.6 334.8 339.5 5

126.7 129.5 135.2 138.1 141.2 5




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



Northeast Total

Midwest

1 unit

Total

South 1 unit

Total

West 1 unit

Total

1 unit


1,169 1,234 1,197 1,091 1,086 1,188 1,144 1,197

798 819 847 751 777 798 781 837

S S S S S S S S

360 404 343 337 302 383 348 347

135 134 106 133 80 139 142 115

54 61 75 56 54 61 58 65

145 219 171 177 179 148 178 175

120 127 106 125 112 129 111 120

595 547 640 530 595 628 596 614

425 425 474 398 431 427 458 461

294 334 280 251 232 273 228 293

199 206 192 172 180 181 154 191


1,218 1,289 1,229 1,267 1,291 6

859 882 862 802 890 5

S S S S S X

348 400 356 453 389 14

114 138 150 148 99 23

60 69 65 53 51 16

169 160 154 196 172 11

132 129 108 124 142 11

596 655 595 619 706 7

445 462 467 412 493 8

339 336 330 304 314 10

222 222 222 213 204 8

1.9% ± 13.7 10.4% ± 12.1

11.0% ± 12.7 11.5% ± 15.2

S X S X

‐14.1% ± 24.6 8.1% ± 31.3

‐33.1% ± 48.2 ‐26.7% ± 38.9

‐3.8% ± 50.7 ‐5.6% ± 34.4

‐12.2% ± 18.1 18.6% ± 24.4

14.5% ± 14.4 18.3% ± 31.0

14.1% ± 19.4 18.7% ± 17.8

19.7% ± 20.3 16.0% ± 21.2

3.3% ± 21.5 6.8% ± 17.2

‐4.2% ± 17.6 2.5% ± 21.0

2




Northeast Total

Midwest

1 unit

Total

South 1 unit

Total

West 1 unit

Total

1 unit

2016 Annual . . . . . . . . . . . . . . . . . . . . . . . 1,059.7 738.4 10.4 311.0 99.5 55.2 164.0 116.8 551.3 402.9 245.0 163.5 2017 Annual . . . . . . . . . . . . . . . . . . . . . . . 1,152.9 795.3 10.7 346.9 115.7 59.0 172.3 120.5 594.7 435.5 270.3 180.4 . RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 1 17 5 5 5 4 2 2 2 3 2 2017 Year to date . . . . . . . . . . . . . . . . . . . 427.1 297.0 5.2 124.8 39.1 19.9 58.0 44.0 229.0 166.5 101.0 66.7 2018 Year to date . . . . . . . . . . . . . . . . . . . 471.9 324.7 3.9 143.3 46.6 20.9 61.3 45.4 243.3 177.3 120.8 81.1 . RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 30 7 9 6 7 8 3 3 3 3 Year to date percent change² . . . . . . . . . 3 . 90 percent confidence interval . . . . . .

10.5% ± 5.4

9.3% ± 4.7

‐24.9% ± 36.3

14.8% ± 17.2

19.3% ± 22.0

4.9% ± 15.6

5.6% ± 13.4

3.3% ± 13.2

6.2% ± 8.3

6.5% ± 7.1

19.6% ± 7.3

21.7% ± 9.3


98.1 109.9 102.2 102.1 96.2 106.9 95.1 113.4

66.9 71.3 69.4 65.6 68.2 73.3 68.1 82.4

1.0 1.1 0.6 0.3 0.7 0.6 1.1 1.2

30.3 37.5 32.1 36.2 27.3 33.1 26.0 29.8

11.6 12.5 9.0 13.1 8.0 12.1 11.4 10.5

4.8 5.7 6.2 4.9 5.6 5.4 5.1 6.2

11.9 19.2 15.1 16.8 16.7 14.5 15.1 16.9

9.8 10.7 8.9 11.2 10.6 12.9 10.1 12.2

49.6 48.2 54.0 48.7 51.1 55.9 49.4 58.5

35.3 36.9 38.4 34.5 36.3 38.5 39.1 45.3

25.0 30.0 24.1 23.6 20.5 24.5 19.3 27.6

17.0 18.1 15.8 15.1 15.7 16.5 13.8 18.7

2018 January . . . . . . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . . . . . . March (r) . . . . . . . . . . . . . . . . . . . . . . . . . . April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . . May (p) . . . . . . . . . . . . . . . . . . . . . . . . . . . . Average RSE (%) 1 . . . . . . . . . . . . . . . . . .

84.0 88.6 94.9 95.4 109.0 6

59.8 61.3 67.1 61.3 75.2 5

0.7 0.4 0.8 0.8 1.0 46

23.5 26.9 27.0 33.2 32.8 14

8.0 8.7 11.0 10.4 8.4 23

4.4 4.1 4.6 3.5 4.3 16

11.1 10.0 10.8 15.0 14.4 11

8.6 8.0 7.3 9.7 11.8 11

42.3 46.8 47.6 47.0 59.6 7

32.1 33.8 37.9 31.8 41.6 8

22.6 23.0 25.5 23.0 26.6 10

14.7 15.4 17.3 16.4 17.4 8


