Privately‐owned housing starts in December were at a seasonally adjusted annual rate of 1,460,000. This is 4.3% below November, but 7.6% above December 2022.
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Single‐family housing starts in December were at a rate of 1,027,000; this is 8.6% below the revised November figure. The December rate for units in buildings with five units or more was 417,000.
An estimated 1,413,100 housing units were started in 2023. This is 9% below 2022.
Privately‐owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,495,000, 1.9% above November and 6.1% above December 2022. Single‐family authorizations in December were 1.7% above the revised November figure of 977,000. Authorizations of units in buildings with five units or more were at a rate of 449,000 in December.
An estimated 1,469,800 housing units were authorized by building permits in 2023. This is 11.7% below the 2022 figure.
Privately‐owned housing completions in December were at a seasonally adjusted annual rate of 1,574,000, 8.7% above November and 13.2% above December 2022. Single‐family housing completions in December were at a rate of 1,056,000; this is 8.4% above November. The December rate for units in buildings with five units or more was 509,000.
An estimated 1,452,500 housing units were completed in 2023. This is 4.5% above 2022.
