HUD and Census Bureau Report Residential Construction Activity in December 2019

Department of Housing and Urban Development

WASHINGTON,  D.C. — The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for December 2019.

Building Permits

Privately-owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,416,000. This is 3.9 percent (±1.6 percent) below the revised November rate of 1,474,000 but is 5.8 percent (±1.1 percent) above the December 2018 rate of 1,339,000. Single‐family authorizations in December were at a rate of 916,000; this is 0.5 percent (±1.3 percent)* below the revised November figure of 921,000. Authorizations of units in buildings with five units or more were at a rate of 458,000 in December.

Housing Starts

Privately-owned housing starts in December were at a seasonally adjusted annual rate of 1,608,000. This is 16.9 percent (±12.8 percent) above the revised November estimate of 1,375,000 and is 40.8 percent (±20.5 percent)* above the December 2018 rate of 1,142,000. Single‐family housing starts in December were at a rate of 1,055,000; this is 11.2 percent (±10.4 percent) above the revised November figure of 949,000. The December rate for units in buildings with five units or more was 536,000.

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Housing Completions

Privately‐owned housing completions in December were at a seasonally adjusted annual rate of 1,277,000. This is 5.1 percent (±15.1 percent)* above the revised November estimate of 1,215,000 and is 19.6 percent (±14.1 percent) above the December 2018 rate of 1,068,000. Single‐family housing completions in December were at a rate of 912,000; this is 0.7 percent (±13.5 percent)* above the revised November rate of 906,000. The December rate for units in buildings with five units or more was 357,000.

Read more about new residential construction activity.

Source: U.S. Department of Housing and Urban Development

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