Keeping you up to date on the latest data releases.
- Housing Starts
In February, the groundbreaking of new single-family homes rose 0.5 percent for the month and 25.5 percent over the past 12 months to a seasonally-adjusted annualized rate of 600,000 units. Regionally, the Northeast lead with housing starts rising 20.4 percent in February and 18.0 percent since February 2012. While the West and Midwest posted small monthly declines, all regions made positive annual gains. The authorization of single-family home building permits rose 2.7 percent in February and increased 31.5 percent since this time last year to a seasonally-adjusted annualized rate of 618,000 permits. The completion of new single-family homes rose to a seasonally-adjusted annualized rate of 547,000, which is a 3.6 percent increase for the month and 32.9 percent annually. When more building permits are issued than residences completed, the industry is perceived to be expanding, and this expansion has been underway for ten months (since May 2012).