January New Housing Starts

New residential construction statistics for January 2011 dipped slightly.

Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 562,000. This is 10.7% (±1.2%) below the January 2010 estimate of 629,000.

Privately-owned housing starts in January were at a seasonally adjusted annual rate of 596,000. This is 2.6% (±9.8%) below the January 2010 rate of 612,000.

Privately-owned housing completions in January were at a seasonally adjusted annual rate of 512,000. This is 22.7% (±8.3%) below the January 2010 rate of 662,000.

Joe Giancarli, SA
Real Estate Advisor
609-658-2612
jgiancarli@remax.net
http://www.joegiancarli.com/
http://www.njhomesource.com/
http://www.njhomesource.blogspot.com/
www.activerain.com/blogs/josephgiancarli

(resource:  RealEstateChannel.com)

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