Housing Starts Rise In January

Housing Starts and Building Permits for January 2009
	DATE	CURRENT		LAST	% Change	Download Starts and Permits
Starts	02/17/2010	591Th		575Th	+2.8%
Permits	02/17/2010	621Th		653Th	-4.9%

Nationwide housing production hit its strongest pace in the last six months this January, posting a 2.8 percent gain to a seasonally adjusted annual rate of 591,000 units, according to figures released today by the U.S. Commerce Department.

Meanwhile, overall permit issuance, which can be an indicator of future building activity, fell 4.9 percent to a rate of 621,000 units in January. This was due entirely to a 23 percent decline to 114,000 units on the multifamily side, which offset a big gain in that sector the previous month. Single-family permits held virtually even, with a 0.4 percent gain to 507,000 units.

Download data for Housing Starts & Permits.
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