Housing Starts Rose 22.3% YOY in February

March 17, 2022 From Floor Focus FloorDaily News

Washington, DC, March 17, 2022 – Privately‐owned housing starts in February were at a seasonally adjusted annual rate of 1,769,000, 6.8% above the revised January estimate of 1,657,000 and 22.3% above the February 2021 rate of 1,447,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced.

Single‐family housing starts in February were at a rate of 1,215,000; this is 5.7% above the revised January figure of 1,150,000. The February rate for units in buildings with five units or more was 501,000.

Privately‐owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,859,000. This is 1.9% below the revised January rate of 1,895,000 but is 7.7% above the February 2021 rate of 1,726,000. Single‐family authorizations in February were at a rate of 1,207,000; this is 0.5% below the revised January figure of 1,213,000. Authorizations of units in buildings with five units or more were at a rate of 597,000 in February.

Privately‐owned housing completions in February were at a seasonally adjusted annual rate of 1,309,000. This is 5.9% above the revised January estimate of 1,236,000 but is 2.8% below the February 2021 rate of 1,347,000. Single‐family housing completions in February were at a rate of 1,034,000; this is 12.1% above the revised January rate of 922,000. The February rate for units in buildings with five units or more was 266,000.

Related Topics: U.S. Census Bureau