Equipment Type

Total Housing Permits Up 4.7% in 2017

2017 closes on an upbeat note at 2.4 percent above 2016 totals

January 18, 2018
Housing starts were at a seasonally adjusted annual rate of 1,192,000.

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for December 2017.

Building Permits

Privately owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,302,000.

This is 0.1 percent below the revised November rate of 1,303,000, but is 2.8 percent above the December 2016 rate of 1,266,000.

Single-family authorizations in December were at a rate of 881,000; this is 1.8 percent above the revised November figure of 865,000.

Authorizations of units in buildings with five units or more were at a rate of 382,000 in December.

An estimated 1,263,400 housing units were authorized by building permits in 2017. This is 4.7 percent above the 2016 figure of 1,206,600.

Housing Starts

Privately owned housing starts in December were at a seasonally adjusted annual rate of 1,192,000.

This is 8.2 percent below the revised November estimate of 1,299,000 and is 6.0 percent below the December 2016 rate of 1,268,000.

Single-family housing starts in December were at a rate of 836,000; this is 11.8 percent below the revised November figure of 948,000.

The December rate for units in buildings with five units or more was 352,000. An estimated 1,202,100 housing units were started in2017. This is 2.4 percent above the 2016 figure of 1,173,800.

Housing Completions

Privately-owned housing completions in December were at a seasonally adjusted annual rate of 1,177,000.

This is 2.2 percent above the revised November estimate of 1,152,000 and is 7.4 percent above the December 2016 rate of 1,096,000.

Single-family housing completions in December were at a rate of 818,000; this is 4.3 percent above the revised November rate of 784,000.

The December rate for units in buildings with five units or more was 346,000.

An estimated 1,152,300 housing units were completed in 2017. This is 8.7 percent above the 2016 figure of 1,059,700.

December's complete report and data is available here:

 

More like this

Comments on: "Total Housing Permits Up 4.7% in 2017"

Overlay Init