February 19, 2020 ‐ The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for January 2020:
Building Permits
Privately‐owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,551,000. This is 9.2 percent (±2.1 percent) above the revised December rate of 1,420,000 and is 17.9 percent (±1.3 percent) above the January 2019 rate of 1,316,000. Single‐family authorizations in January were at a rate of 987,000; this is 6.4 percent (±2.5 percent) above the revised December figure of 928,000. Authorizations of units in buildings with five units or more were at a rate of 522,000 in January.