| HOUSING PRODUCTION
 Permits*
Permits for construction of new housing units were down 3 percent in
the third quarter of 2001, at a seasonally adjusted annual rate (SAAR)
of 1,555,000 units, but were up a statistically insignificant 1 percent
from the third quarter of 2000. One-unit permits, at 1,194,000 units,
were down 2 percent from the level of the previous quarter but up 3
percent from a year earlier. Multifamily permits (5 or more units in
structure), at 296,000 units, were 5 percent below the second quarter
of 2001 and 6 percent below the third quarter of 2000.
|
|
Latest
Quarter
|
Previous
Quarter
|
Same Quarter
Previous Year
|
% Change
From Previous Quarter
|
% Change
From Last Year
|
|
Total
|
1,555
|
1,598
|
1,542
|
- 3
|
+ 1**
|
|
One Unit
|
1,194
|
1,216
|
1,164
|
- 2
|
+ 3
|
|
Two to Four
|
66
|
70
|
64
|
- 6**
|
+ 4**
|
|
Five Plus
|
296
|
312
|
315
|
- 5
|
- 6
|
*Components may not add to totals because of rounding.
Units in thousands.
**This change is not statistically significant.
Source: Bureau of the Census, Department of Commerce |
 Starts*
Construction starts of new housing units in the third quarter of 2001
totaled 1,594,000 units at a seasonally adjusted annual rate, a statistically
insignificant 2 percent below the second quarter of 2001 but a statistically
insignificant 6 percent above the third quarter of 2000. Single-family
starts, at 1,273,000 units, were a statistically insignificant 1 percent
lower than the previous quarter but a statistically insignificant 7
percent above the year before. Multifamily starts totaled 287,000 units,
a statistically insignificant 1 percent below the previous quarter but
a statistically insignificant 6 percent above the same quarter in 2000.
|
|
Latest
Quarter
|
Previous
Quarter
|
Same Quarter
Previous Year
|
% Change
From Previous Quarter
|
% Change
From Last Year
|
|
Total
|
1,594
|
1,623
|
1,505
|
- 2**
|
+ 6**
|
|
One Unit
|
1,273
|
1,291
|
1,191
|
- 1**
|
+ 7**
|
|
Five Plus
|
287
|
291
|
270
|
- 1**
|
+ 6**
|
*Components may not add to totals because of rounding.
Units in thousands.
**This change is not statistically significant.
Source: Bureau of the Census, Department of Commerce |
 Under
Construction*
Housing units under construction at the end of the third quarter of
2001 were at a seasonally adjusted annual rate of 1,009,000 units, unchanged
from the previous quarter but a statistically insignificant 4 percent
above the third quarter of 2000. Single-family units stood at 689,000,
unchanged from the previous quarter but 5 percent above the third quarter
of 2000. Multifamily units were at 291,000 units, down a statistically
insignificant 1 percent from the previous quarter but up a statistically
insignificant 2 percent from the third quarter of 2000.
|
|
Latest
Quarter
|
Previous
Quarter
|
Same Quarter
Previous Year
|
% Change
From Previous Quarter
|
% Change
From Last Year
|
|
Total
|
1,009
|
1,012
|
971
|
—
|
+4**
|
|
One Unit
|
689
|
688
|
658
|
—
|
+ 5
|
|
Five Plus
|
291
|
294
|
285
|
- 1**
|
+ 2**
|
*Components may not add to totals because of rounding.
Units in thousands.
**This change is not statistically significant.
Sources: Bureau of the Census, Department of Commerce; and Office
of Policy Development and Research, Department of Housing and
Urban Development |
 Completions*
Housing units completed in the third quarter of 2001, at a seasonally
adjusted annual rate of 1,571,000 units, were unchanged from the previous
quarter but up a statistically insignificant 3 percent from the same
quarter of 2000. Single-family completions, at 1,254,000 units, were
up a statistically insignificant 1 percent from the previous quarter
and up 5 percent from the rate of a year earlier. Multifamily completions,
at 285,000 units, were unchanged from the previous quarter but 8 percent
below the same quarter of 2000.
|
|
Latest
Quarter
|
Previous
Quarter
|
Same Quarter
Previous Year
|
% Change
From Previous Quarter
|
% Change
From Last Year
|
|
Total
|
1,571
|
1,570
|
1,533
|
—
|
+ 3**
|
|
One Unit
|
1,254
|
1,244
|
1,199
|
+ 1**
|
+ 5
|
|
Five Plus
|
285
|
284
|
310
|
—
|
- 8
|
*Components may not add to totals because of rounding.
Units in thousands.
**This change is not statistically significant.
Sources: Bureau of the Census, Department of Commerce; and Office
of Policy Development and Research, Department of Housing and
Urban Development |
 Manufactured
(Mobile) Home Shipments*
Shipments of new manufactured (mobile) homes were at a seasonally
adjusted rate of 199,000 units in the third quarter of 2001, which is
5 percent above the previous quarter but 18 percent below the rate of
a year earlier.
|
|
Latest
Quarter
|
Previous
Quarter
|
Same Quarter
Previous Year
|
% Change
From Previous Quarter
|
% Change
From Last Year
|
|
Manufacturers'
Shipments
|
199
|
189
|
244
|
+ 5
|
- 18
|
*Units in thousands. These are HUD-code homes only
and do not include manufactured housing units built to meet local
building codes, which are included in housing starts figures.
Source: National Conference of States on Building Codes and Standards
|
|
