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Housing Starts Improve, Permits Dip


Feb. 18 — U.S. housing starts in January were 2.8% above the revised December estimate and 12.3% above the January 2009 rate, the U.S. Census Bureau reported yesterday.

Building permits dipped in January, however, to fall 2.2% below the revised December rate, but remained well above 16.9%— the rate of one year ago.

Privately-owned starts were at a seasonably adjusted rate of 591,000. Single-family housing starts were at a 484,000 rate. January permits were at an annually adjusted rate of 621,000.

The mixed results don't offer a clear indication of how the new home market is likely to fare in coming months, due to winter weather and other short-term, seasonal factors.

Read the full news release here.