The July 2011 Residential construction report showed Housing starts decreased -1.5% from June, to a level of 604,000. This is 9.8% above July 2010, or 550,000 housing starts. New Residential Construction has a margin of error often above the monthly percentage increases, so take these monthly changes with a grain of salt. July, for example, has a error margin of 10.8 percentage points.
The June 2011 Residential construction report showed Housing starts increased 14.6% from May to a level of 629,000. This is 16.7% above June 2010 and a 6 month high. New Residential Construction has a margin of error often above the monthly percentage increases, so take these monthly changes with a grain of salt. June, for example, has a error margin of 10.9 percentage points.
The May 2011 Residential construction report showed Housing starts increased 3.5% from April 2011 to a level of 560,000. This is -3.4% below May 2010. This economic metric has error rates much above the actual percentage change increases quoted. April had a -8.8% decline, revised upward from -10.6%.
The April 2011 Residential construction report showed Housing starts dropped -10.6% from March 2011 to a level of 523,000. This is -23 9% below April 2010. We're back to April 2009 levels and this monthly drop was the biggest since 1984. March had a +12.9% increase in housing starts from February 2011.
The February 2011 Residential construction report showed Housing starts dropped -22.5% from January 2011 to a level of 479,000. This is 20.8% below February 2010. We're back to April 2009 levels and this monthly drop was the biggest since 1984.
This is a surprise. Housing Starts jumped +10.5% in August 2010. Last month housing starts were revised to a -0.4% flatline from June. The change was all due to apartments, which increased 42.7% from last month.
Privately-owned housing starts in August were at a seasonally adjusted annual rate of 598,000. This is 10.5 percent (±11.9%)* above the revised July estimate of 541,000 and is 2.2 percent (±9.7%)* above the August 2009 rate of 585,000.
Single-family housing starts in August were at a rate of 438,000; this is 4.3 percent (±12.4%)* above the revised July figure of 420,000. The August rate for units in buildings with five units or more was 147,000.
Regionally, the new construction was happening in the West, with all regions having much higher 5 or more unit housing starts than single family. Here is a percentage breakdown of the nation's regions housing start totals:
Housing Starts dropped -5% in June 2010. Last month housing starts were revised to a -14.9% decline from April.
Privately-owned housing starts in June 2010 were at a seasonally adjusted annual rate of 549,000. This is 5.0 percent below the revised May 2010 estimate of 578,000.
The below St. Louis Fred graph is the monthly percentage change in single units for new housing starts. Single family housing starts dropped -0.7% in June, which is flat in comparison to last month's -17.2% drop.
Housing Starts and Building Permits was released and starts are down 5.9% from last month with permits down 1.6% from January 2010. Housing completions were down 5.4% from January.
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