Existing Home Sales Fell 5.1% in Jan.; Tight Inventory Bolsters Prices
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U.S. New Home Starts Fell 16.0% in Jan.; Building Permits Sank 5.4% (XHB)
February 19, 2014 8:53 AM ESTThe U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for January 2014:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 937,000. This is 5.4 percent (±0.7%) below the revised December rate of 991,000, but is 2.4 percent (±1.0%) above the... More
