For Release 10:00 A.M. EST, Monday, March 6, 2000 CB00-35 JANUARY 2000 HOUSING COMPLETIONS AT AN ANNUAL RATE OF 1,556,000 Privately owned housing completions in January 2000 were at a seasonally adjusted annual rate of 1,556,000, according to estimates released jointly today by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. This is 5 (+/-7) percent below the revised December 1999 rate of 1,644,000, and is 6 (+/-7) percent below the revised January 1999 rate of 1,654,000. The January 2000 rate of single-family housing completions was 1,258,000. This is 4 (+/-7) percent below the revised December 1999 rate of 1,315,000. The rate for units in buildings with five units or more was 280,000, and the rate for units in buildings with two to four units was 18,000. At the end of January 2000, the seasonally adjusted estimate of housing units under construction was 1,041,000. This is 1(+/-1) percent above the revised December 1999 figure of 1,028,000. Of these, 720,000 units were single-family structures, 298,000 were in buildings with five units or more, and 23,000 were in buildings with two to four units. The next press release is scheduled to be issued on Tuesday, April 4, 2000 at 10:00 A.M. EDT. EXPLANATORY NOTES In interpreting changes in the seasonally adjusted rate of housing completions, note that month-to-month changes often show movements which may be irregular. It may take 4 months to establish an underlying trend for total completions. The statistics in this release are estimated from sample surveys and are subject to sampling variability as well as nonsampling error including bias and variance from response, nonreporting and undercoverage. Estimated average relative standard errors of preliminary data are shown in the tables. Whenever a statement such as "2 (+/-3) percent above" appears in the text, this indicates the range (-1 to +5 percent) in which the actual percent change is likely to have occurred. All ranges given for percent changes are 90-percent confidence intervals and account only for sampling variability. If a range contains zero, it is uncertain whether there was an increase or decrease; that is, the change is not statistically significant. For any comparison cited without a confidence interval, the change is statistically significant. The January 2000 issue of Current Construction Reports, C22/2000-1, will include explanations of confidence intervals and sampling variability. On average, the preliminary seasonally adjusted estimate of total housing completions is revised about +/-1 percent. Table 1. New Privately Owned Housing Units Completed (Thousands of units. Detail may not add to total because of rounding.) In structures with -- Period Total North- Midwest South West 3 and 4 5 units east 1 unit 2 units units or more 1a. Seasonally adjusted annual rate 1997(r) January 1,377 1,128 19 230 122 321 592 342 February 1,545 1,247 44 254 156 336 701 352 March 1,445 1,150 38 257 198 277 642 328 April 1,438 1,133 50 255 119 300 680 339 May 1,400 1,115 37 248 150 287 602 361 June 1,315 1,096 32 187 127 275 583 330 July 1,313 1,056 39 218 131 287 581 314 August 1,332 1,062 35 235 119 301 579 333 September 1,442 1,148 43 251 137 291 707 307 October 1,396 1,074 37 285 122 304 634 336 November 1,420 1,131 26 263 124 299 647 350 December 1,428 1,096 42 290 123 288 668 349 1998(r) January 1,316 1,018 27 271 136 270 581 329 February 1,441 1,127 41 273 124 327 653 337 March 1,477 1,131 50 296 119 349 634 375 April 1,498 1,186 41 271 127 330 728 313 May 1,465 1,116 49 300 133 321 669 342 June 1,467 1,163 40 264 141 302 679 345 July 1,552 1,223 34 295 127 354 700 371 August 1,521 1,179 43 299 149 296 707 369 September 1,452 1,186 36 230 150 255 684 363 October 1,452 1,168 46 238 136 288 651 377 November 1,604 1,255 42 307 149 299 725 431 December 1,433 1,141 42 250 147 293 636 357 1999(r) January 1,654 1,292 66 296 127 308 823 396 February 1,510 1,237 37 236 121 308 739 342 March 1,722 1,374 45 303 164 384 738 436 April 1,635 1,325 31 279 170 327 716 422 May 1,680 1,355 24 301 174 359 761 386 June 1,657 1,336 39 282 153 338 739 427 July 1,619 1,262 58 299 158 321 743 397 August 1,581 1,251 26 304 155 325 758 343 September 1,642 1,307 31 304 136 335 740 431 October 1,608 1,274 27 307 114 328 759 407 November 1,653 1,345 28 280 143 345 750 415 December 1,644 1,315 36 293 135 354 740 415 2000 - January(p) 1,556 1,258 18 280 139 347 729 341 Average RSE (%) 3 3 25 9 9 9 4 4 1b. Not seasonally adjusted 1998 1,474.2 1,159.7 16.2 24.4 273.9 137.3 305.1 671.6 360.2 1999(r) 1,633.7 1,305.3 11.9 25.2 291.3 145.5 336.6 749.5 402.1 Average RSE (%) 1 1 7 10 3 3 3 2 1 1999 - January 114.9 90.2 0.8 3.7 20.2 8.9 20.4 57.5 28.0 February 103.0 84.9 1.2 1.4 15.6 8.2 18.8 51.9 24.1 March 130.6 103.9 0.7 3.8 22.2 11.2 26.4 59.3 33.7 April 125.3 100.9 1.0 1.5 21.8 12.3 25.1 55.6 32.3 May 136.1 109.1 0.7 1.2 25.2 14.9 28.6 61.7 31.0 June 144.9 116.2 0.8 2.4 25.4 13.2 30.1 64.4 37.1 July 138.9 106.1 1.5 3.1 28.1 13.5 27.4 63.4 34.5 August 144.1 111.0 1.5 0.8 30.7 13.2 31.0 69.1 30.7 September 148.5 119.2 0.8 1.9 26.6 13.0 32.8 64.4 38.3 October 147.2 117.9 0.5 2.0 26.8 10.5 31.3 68.0 37.4 November (r) 144.0 119.8 1.1 1.3 21.8 13.2 31.7 64.0 35.1 December (r) 156.2 126.2 1.2 2.0 26.8 13.3 33.1 70.1 39.7 2000 - January(p) 108.5 88.0 0.6 0.7 19.3 9.8 23.2 51.2 24.4 Average RSE (%) 3 3 25 31 9 9 9 4 4 (p) Preliminary. (r) Revised. (X) Not applicable. (Z) Less than 50 units or less than 0.5 percent. Average relative standard error (Avg. RSE): Annual -- Avg. RSE for the last 2 years; Year to Date -- Avg. RSE for the current period and the same period last year; Monthly -- Avg. RSE for the latest 6 month period (January-June or July-December). Table 2. Privately Owned Housing Units Under Construction (Thousands of units. Detail may not add to total because of rounding.) In structures with -- Period Total North- Midwest South West 3 and 4 5 units east 1 unit 2 units units or more 2a. Seasonally adjusted 1997(r) January 817 573 29 215 89 177 352 199 February 810 567 26 217 85 177 349 199 March 808 562 28 218 81 178 347 202 April 810 562 26 222 84 176 349 201 May 816 564 25 227 83 180 350 203 June 826 562 26 238 81 182 358 205 July 836 568 26 242 83 184 363 206 August 836 569 25 242 82 181 368 205 September 846 574 26 246 84 182 370 210 October 858 579 28 251 83 184 377 214 November 865 578 30 257 87 182 378 218 December 872 580 31 261 88 184 378 222 1998(r) January 886 592 33 261 90 188 383 225 February 896 601 33 262 92 191 388 225 March 905 611 33 261 94 188 394 229 April 906 616 31 259 94 188 391 233 May 912 624 31 257 96 187 394 235 June 927 636 32 259 96 187 402 242 July 938 642 33 263 99 184 409 246 August 941 647 33 261 97 186 412 246 September 952 654 31 267 97 190 416 249 October 972 662 29 281 99 195 430 248 November 976 671 30 275 99 196 436 245 December 1003 690 29 284 100 204 446 253 1999(r) January 1008 693 28 287 100 205 448 255 February 1025 704 26 295 103 207 458 257 March 1029 707 24 298 103 208 464 254 April 1026 704 24 298 102 211 461 252 May 1026 706 25 295 101 211 459 255 June 1013 698 24 291 101 211 454 247 July 1017 702 23 292 102 212 454 249 August 1026 706 24 296 105 213 455 253 September 1021 702 24 295 105 213 455 248 October 1020 706 23 291 106 214 455 245 November 1022 708 21 293 106 218 453 245 December 1028 712 22 294 109 219 457 243 2000 - January(p) 1041 720 23 298 110 221 464 246 Average RSE (%) 1 2 9 3 4 4 2 2 2b. Not seasonally adjusted 1999 -January 962.2 650.7 8.1 18.7 284.6 96.0 194.5 427.9 243.7 February 971.3 655.0 7.5 17.8 291.1 97.9 191.9 437.9 243.7 March 991.4 673.0 7.9 15.6 294.8 99.1 194.6 452.9 244.9 April 1013.1 690.6 8.5 15.3 298.7 99.3 203.1 461.6 249.2 May 1031.5 710.8 8.9 15.1 296.7 99.2 209.3 466.7 256.4 June 1038.1 722.0 9.1 14.5 292.6 102.0 216.1 466.3 253.8 July 1053.6 737.4 8.6 14.1 293.5 105.6 220.3 469.7 258.0 August 1061.5 743.2 8.2 14.9 295.2 108.8 221.7 467.7 263.4 September 1053.2 735.6 8.1 15.5 294.0 108.1 221.8 465.3 258.0 October 1051.6 733.9 9.0 14.8 293.9 109.8 227.9 462.4 251.4 November (r) 1036.7 717.1 8.7 14.5 296.3 109.6 226.6 453.5 247.0 December (r) 995.9 681.6 8.2 13.8 292.3 107.1 216.4 439.0 233.4 2000 -January(p) 992.0 674.5 8.4 13.7 295.4 105.4 209.6 443.0 234.0 Average RSE (%) 1 2 9 12 3 4 4 2 2 (p) Preliminary. (r) Revised. (X) Not applicable. (Z) Less than 50 units or less than 0.5 percent. Average relative standard error (Avg. RSE): Annual -- Avg. RSE for the last 2 years; Year to Date -- Avg. RSE for the current period and the same period last year; Monthly -- Avg. RSE for the latest 6 month period (January-June or July-December). The following data will appear in tables 2, and 4 and Tables A-1 and A-2 in Current Construction Reports, "Housing Completions: January 2000". Table 2. New Privately Owned Housing Units Completed by Location and Type of Structure (Thousands of units. Detail may not add to total because of rounding) Period United States Inside MSA's Outside MSA's In structures with In structures with In structures with Total\2 1 unit 5+ units Total\2 1 unit 5+ units Total\2 1 unit 5+ units ANNUAL DATA 1988.... 1,530 1,085 389 1,286 876 365 244 208 24 1989.... 1,423 1,026 338 1,181 823 312 242 203 25 1990.... 1,308 966 297 1,060 759 267 248 207 30 1991.... 1,091 838 217 862 642 194 229 196 22 1992.... 1,158 964 158 910 752 133 248 212 25 1993.... 1,193 1,039 127 943 818 106 250 222 21 1994.... 1,347 1,160 155 1,086 929 135 261 232 20 1995.... 1,313 1,066 212 1,065 848 191 248 217 21 1996.... 1,413 1,129 251 1,163 913 226 249 215 25 1997.... 1,400 1,116 247 1,153 904 221 248 212 26 1998.... 1,474 1,160 274 1,229 951 248 246 208 26 1999/r.. 1,634 1,305 291 1,376 1,077 269 258 228 22 QUARTERLY DATA 1993 1st qtr. 245 212 28 194 167 24 51 45 5 2nd qtr. 286 247 33 222 191 27 64 56 6 3rd qtr. 317 275 34 255 220 29 63 55 6 4th qtr. 345 305 32 273 240 27 73 66 5 1994 1st qtr. 270 238 25 219 193 21 51 46 3 2nd qtr. 336 291 37 274 236 32 63 55 5 3rd qtr. 361 308 45 292 246 40 70 62 6 4th qtr. 379 323 48 302 254 42 77 69 6 1995 1st qtr. 291 246 37 233 194 33 59 52 4 2nd qtr. 318 258 51 258 207 45 60 52 6 3rd qtr. 346 272 65 284 219 59 62 53 6 4th qtr. 357 289 59 289 229 54 67 60 5 1996 1st qtr. 293 235 52 243 192 47 50 44 5 2nd qtr. 342 270 66 285 222 59 57 48 7 3rd qtr. 382 301 71 314 243 64 69 59 7 4th qtr. 394 322 63 321 257 57 74 65 6 1997 1st qtr. 310 251 51 255 204 45 55 47 5 2nd qtr. 338 271 57 279 221 51 59 51 6 3rd qtr. 363 287 66 302 235 59 61 52 7 4th qtr. 389 307 73 316 244 65 72 63 7 1998 1st qtr. 300 234 58 250 193 52 50 40 6 2nd qtr. 362 281 70 304 233 63 58 49 7 3rd qtr. 403 315 78 338 260 71 65 56 8 4th qtr. 409 330 68 337 266 62 72 64 6 1999 1st qtr 348 279 58 292 230 53 57 49 5 2nd qtr 406 326 72 343 270 67 63 56 5 3rd qtr 431 336 85 365 278 79 67 59 6 4th qtr\r 447 364 75 376 300 70 71 64 5 AVERAGE RELATIVE STANDARD ERRORS\3 Annual(%) 1 1 3 1 1 3 4 4 13 Qtrly (%) 2 2 6 2 2 6 6 6 25 See footnotes at end of table. Table 2. New Privately Owned Housing Units Completed by Location and Type of Structure - Continued (Thousands of units. Detail may not add to total because of rounding) Period Northeast Midwest In structures with In structures with Total\2 1 unit 5+ units Total\2 1 unit 5+ units ANNUAL DATA 1988... 250 188 50 280 191 76 1989... 219 159 48 267 191 62 1990... 158 127 23 263 195 57 1991... 120 100 14 240 185 45 1992... 136 114 18 268 218 40 1993... 118 105 10 273 232 33 1994... 123 113 7 307 255 42 1995... 127 108 16 288 232 44 1996... 125 108 14 304 245 48 1997... 134 115 14 296 236 47 1998... 137 116 16 305 244 47 1999\r. 145 119 21 337 282 43 QUARTERLY DATA 1993 1st qtr... 24 21 2 51 42 9 2nd qtr... 27 24 2 64 55 7 3rd qtr... 29 26 2 74 63 9 4th qtr... 37 34 3 83 73 8 1994 1st qtr... 22 21 1 57 47 7 2nd qtr... 31 27 3 76 62 12 3rd qtr... 35 32 3 84 72 11 4th qtr... 35 33 1 90 75 13 1995 1st qtr... 30 26 3 62 51 8 2nd qtr... 29 25 3 75 59 14 3rd qtr... 33 27 6 79 61 15 4th qtr... 35 30 4 72 62 7 1996 1st qtr... 24 21 3 56 45 9 2nd qtr... 29 25 3 73 55 16 3rd qtr... 32 28 3 88 68 16 4th qtr... 40 34 5 87 76 8 1997 1st qtr... 32 27 5 61 48 10 2nd qtr... 32 28 3 70 57 10 3rd qtr... 35 30 (S) 81 63 15 4th qtr... 35 31 (S) 83 68 12 1998 1st qtr... 26 22 3 62 47 10 2nd qtr... 33 27 4 78 61 13 3rd qtr... 38 33 4 83 65 16 4th qtr... 41 34 5 82 70 8 1999 1st qtr... 28 24 3 66 54 8 2nd qtr... 40 33 6 84 71 10 3rd qtr... 40 32 6 91 73 15 4th qtr\r. 37 30 5 96 83 10 AVERAGE RELATIVE STANDARD ERRORS\3 Annual (%) 3 2 14 3 3 10 Quarterly (%) 6 6 14 5 5 18 See footnotes at end of table. Table 2. New Privately Owned Housing Units Completed by Location and Type of Structure - Continued (Thousands of units. Detail may not add to total because of rounding) Period South West In structures with In structures with Total\2 1 unit 5+ units Total\2 1 unit 5+ units ANNUAL DATA 1988... 595 457 121 405 248 142 1989... 549 420 112 387 257 115 1990... 511 389 109 376 255 108 1991... 439 348 81 291 205 76 1992... 462 400 52 290 232 49 1993... 512 456 49 290 247 35 1994... 581 507 64 336 285 42 1995... 581 472 99 317 253 54 1996... 637 507 120 346 269 69 1997... 634 506 118 336 259 68 1998... 672 517 142 360 283 69 1999\r. 750 587 150 402 317 77 QUARTERLY DATA 1993 1st qtr... 109 99 9 60 50 8 2nd qtr... 121 105 14 74 62 10 3rd qtr... 139 123 13 74 63 9 4th qtr... 143 128 13 82 71 8 1994 1st qtr... 119 107 10 73 63 8 2nd qtr... 146 130 13 83 72 9 3rd qtr... 152 131 18 90 74 14 4th qtr... 164 139 23 90 77 11 1995 1st qtr... 130 110 18 69 58 9 2nd qtr... 140 114 22 74 60 12 3rd qtr... 152 121 28 82 64 16 4th qtr... 159 126 30 90 71 17 1996 1st qtr... 136 108 26 77 61 15 2nd qtr... 156 124 30 84 66 17 3rd qtr... 169 134 32 94 71 20 4th qtr... 177 141 32 91 71 17 1997 1st qtr... 143 120 20 74 56 16 2nd qtr... 152 121 28 83 65 16 3rd qtr... 163 128 32 84 66 16 4th qtr... 176 136 38 94 72 20 1998 1st qtr... 137 104 31 76 60 15 2nd qtr... 170 128 39 81 65 14 3rd qtr... 184 142 39 98 76 20 4th qtr... 181 144 33 105 81 21 1999 1st qtr... 169 132 32 86 69 14 2nd qtr... 182 144 36 100 78 20 3rd qtr... 197 151 43 104 80 22 4th qtr\r. 202 160 39 112 90 20 AVERAGE RELATIVE STANDARD ERRORS\3 Annual (%) 2 2 4 1 1 3 Quarterly (%) 3 3 9 3 3 7 p Preliminary. r Revised. S Withheld because estimate did not meet publication standards on the basis of response rate, associated standard error, or a consistency review. 1 Metropolitan statistical areas. 2 Includes units completed in structures with two to four units. 3 Average Relative Standard Errors (Avg. RSE): Annual--Avg. RSE for the last 2 years; Quarterly--Avg. RSE for the latest 2-quarter period (quarter 1-quarter 2 or quarter 3-quarter 4). Table 4. New Privately Owned Housing Units Under Construction by Location and Type of Structure (Thousands of units. Detail may not add to total because of rounding) Period United States Inside MSA's\1 Outside MSA's\1 In structures In structures In structures with with with 5 units 5 units 5 units Total\2 1 unit or more Total\2 1 unit or more Total\2 1 unit or more QUARTERLY DATA 1993 1st qtr 600.9 471.1 111.7 451.6 344.0 94.7 149.3 127.1 17.0 2nd qtr 675.3 542.5 112.7 513.1 401.8 96.9 162.2 140.7 15.8 3rd qtr 707.6 572.4 114.4 538.5 423.7 100.0 169.1 148.7 14.4 4th qtr 680.1 543.0 118.2 521.0 404.7 102.9 159.1 138.3 15.3 1994 1st qtr 695.6 551.1 126.8 542.5 418.6 111.5 153.0 132.5 15.3 2nd qtr 776.8 608.9 150.5 605.0 459.4 132.8 171.7 149.4 17.7 3rd qtr 806.0 621.2 164.7 625.5 464.3 146.7 180.5 156.8 17.9 4th qtr 762.2 557.8 182.5 597.6 417.9 163.9 164.5 139.9 18.5 1995 1st qtr 732.3 520.5 190.9 584.5 396.7 172.5 147.8 123.7 18.4 2nd qtr 775.7 551.4 202.4 617.6 417.2 184.3 158.0 134.2 18.2 3rd qtr 813.4 584.7 206.8 645.3 441.8 187.3 168.1 143.0 19.5 4th qtr 775.9 547.2 207.7 620.1 417.0 187.4 155.8 130.2 20.3 1996 1st qtr 772.8 544.0 209.9 620.5 417.2 189.2 152.3 126.8 20.7 2nd qtr 845.1 610.5 208.0 672.9 465.2 188.1 172.2 `45.3 19.8 3rd qtr 858.9 624.5 209.1 680.0 473.2 188.3 178.9 151.3 20.9 4th qtr 792.3 550.0 214.3 629.9 417.2 191.6 162.4 132.9 22.7 1997 1st qtr 772.9 530.7 216.0 625.5 411.5 194.2 147.4 119.2 21.8 2nd qtr 845.0 579.7 239.3 680.0 446.0 214.6 165.0 133.8 24.7 3rd qtr 877.0 605.2 245.5 703.0 461.8 221.5 174.0 143.3 24.0 4th qtr 846.7 554.6 260.2 683.5 426.5 235.1 163.2 128.1 25.1 1998 1st qtr 867.6 578.6 258.4 710.2 452.7 234.5 157.5 125.8 23.9 2nd qtr 948.7 656.4 260.0 770.0 507.7 237.5 178.7 148.7 22.5 3rd qtr 984.7 686.8 266.7 798.0 528.0 245.5 186.7 158.8 21.2 4th qtr 970.8 659.1 282.9 794.8 510.8 261.2 176.0 148.4 21.7 1999 1st qtr 991.4 673.0 294.8 820.8 528.0 274.0 170.6 145.0 20.8 2nd qtr 1,038.1 722.0 292.6 856.0 565.2 272.2 182.2 156.8 20.4 3rd qtr 1,053.2 735.6 294.0 871.3 579.0 274.1 181.9 156.5 19.9 4th qtr\r 995.9 681.6 292.3 825.0 535.4 272.6 170.9 146.2 19.7 AVERAGE RELATIVE STANDARD ERRORS\3 End of period(%) 1 2 3 1 1 3 5 6 11 See footnotes at end of table. Table 4. New Privately Owned Housing Units Under Construction by Location and Type of Structure - Continued (Thousands of units. Detail may not add to total because of rounding) Period Northeast Midwest In structures with In structures with Total\2 1 unit 5+ units Total\2 1 unit 5+ units QUARTERLY DATA 1993 1st qtr... 76.9 58.9 16.0 130.4 101.9 22.9 2nd qtr... 86.0 68.1 16.0 153.0 120.2 26.4 3rd qtr... 94.3 76.1 16.2 161.9 129.6 25.6 4th qtr... 89.3 72.5 14.8 154.4 119.0 29.2 1994 1st qtr... 84.9 65.9 17.0 148.5 116.1 27.1 2nd qtr... 96.8 77.5 17.4 176.3 139.4 31.5 3rd qtr... 96.6 77.8 16.7 185.0 144.0 34.5 4th qtr... 96.3 77.0 17.2 173.5 128.1 38.2 1995 1st qtr... 88.7 69.9 16.7 155.3 111.4 37.6 2nd qtr... 94.7 73.2 19.4 162.0 121.4 33.8 3rd qtr... 94.4 76.4 16.1 172.8 131.4 34.2 4th qtr... 86.3 70.1 14.3 172.0 125.0 40.2 1996 1st qtr... 82.6 66.8 13.8 164.5 121.0 37.3 2nd qtr... 90.4 74.2 13.5 183.6 141.5 32.9 3rd qtr... 93.7 76.7 14.3 193.4 150.3 34.1 4th qtr... 85.2 68.1 14.0 178.0 128.7 39.4 1997 1st qtr... 77.8 60.2 14.6 164.9 119.5 36.2 2nd qtr... 82.2 63.1 16.2 185.5 134.9 41.6 3rd qtr... 86.7 65.7 18.0 190.9 143.9 37.9 4th qtr... 87.1 63.1 20.7 181.9 126.9 42.0 1998 1st qtr... 89.7 63.7 22.6 174.9 124.8 40.0 2nd qtr... 96.8 71.3 21.8 191.0 145.4 35.4 3rd qtr... 100.1 73.2 23.1 197.9 155.4 32.8 4th qtr... 98.5 70.2 24.8 201.2 152.3 39.6 1999 1st qtr... 99.1 71.2 24.7 194.6 149.7 37.3 2nd qtr... 102.0 76.0 22.7 216.1 166.5 42.1 3rd qtr... 108.1 79.7 25.1 221.8 172.7 41.1 4th qtr\r. 107.1 80.7 23.3 216.4 162.4 46.6 AVERAGE RELATIVE STANDARD ERRORS\2 End of period(%) 3 3 11 4 5 8 See footnotes at end of table. Table 4. New Privately Owned Housing Units Under Construction by Location and Type of Structure - Continued (Thousands of units. Detail may not add to total because of rounding) Period South West In structures with In structures with Total\2 1 unit 5+ units Total\2 1 unit 5+ units QUARTERLY DATA 1993 1st qtr... 234.8 192.6 37.5 158.8 117.7 35.4 2nd qtr... 265.7 223.8 36.5 170.6 130.5 33.9 3rd qtr... 271.1 228.0 37.1 180.3 138.7 35.5 4th qtr... 265.4 219.1 40.9 170.9 132.4 33.3 1994 1st qtr... 286.5 231.5 49.4 175.6 137.7 33.3 2nd qtr... 316.9 245.9 65.7 186.7 146.0 36.0 3rd qtr... 330.3 250.6 74.0 194.1 148.7 39.4 4th qtr... 312.1 223.4 82.8 180.3 129.2 44.3 1995 1st qtr... 310.6 216.3 87.9 177.7 122.9 48.7 2nd qtr... 327.2 226.3 94.3 191.7 130.5 54.9 3rd qtr... 343.1 237.9 98.8 203.0 139.0 57.7 4th qtr... 331.4 226.7 98.5 186.3 125.3 54.8 1996 1st qtr... 335.7 231.4 98.5 190.0 124.8 60.2 2nd qtr... 363.2 257.9 97.6 208.0 136.9 64.1 3rd qtr... 364.4 259.2 98.2 207.5 138.3 62.5 4th qtr... 337.6 230.3 99.5 191.4 122.9 61.3 1997 1st qtr... 336.6 223.4 105.9 193.6 127.6 59.3 2nd qtr... 367.1 242.4 116.9 210.1 139.3 64.6 3rd qtr... 380.4 248.7 123.7 219.0 146.9 65.8 4th qtr... 364.8 226.4 129.4 213.0 138.2 68.0 1998 1st qtr... 383.4 245.4 127.7 219.7 144.7 68.1 2nd qtr... 412.4 275.5 126.0 248.3 164.2 76.8 3rd qtr... 427.1 286.1 130.1 259.7 172.2 80.6 4th qtr... 428.5 278.8 140.2 242.6 157.9 78.3 1999 1st qtr... 452.9 293.6 151.8 244.9 158.6 81.0 2nd qtr... 466.3 307.7 150.9 253.8 171.7 76.9 3rd qtr... 465.3 307.2 150.5 258.0 176.0 77.2 4th qtr\r. 439.0 284.8 147.1 233.4 153.7 75.3 AVERAGE RELATIVE STANDARD ERRORS\3 End of period(%) 2 2 4 2 3 2 p Preliminary. r Revised. 1 Metropolitan statistical areas. 2 Includes units under construction in structures with 2 to 4 units. 3 Average Relative Standard Errors: Average for latest 2-quarter period (quarter 1-quarter 2 or quarter 3-quarter 4). Table A-1. Seasonal Indexes Used to Adjust Housing Units Completed Period U.S. In structures with implicit 1 unit 2 to 4 5 units index\1 Northeast Midwest South West units or more 1997(r): January 83.4 86.4 81.0 83.4 87.2 81.0 81.2 February 81.4 82.2 72.7 84.4 83.4 90.6 78.9 March 91.0 81.5 80.0 98.8 91.3 109.8 87.1 April 92.4 84.7 90.2 93.3 93.9 98.8 93.3 May 97.4 95.6 94.4 97.9 98.2 96.6 99.1 June 103.9 103.9 105.0 102.1 103.5 98.0 109.4 July 103.1 98.3 101.9 102.0 100.7 99.3 112.6 August 109.2 106.8 107.8 105.5 107.3 106.9 121.5 September 107.6 110.9 114.8 104.8 107.9 103.9 105.4 October 110.7 117.6 120.4 108.2 109.2 108.9 106.0 November 104.3 112.8 115.7 103.3 102.7 101.7 94.3 December 114.7 118.5 115.6 117.1 114.6 103.5 110.6 1998(r): January 83.4 87.0 81.6 82.4 87.1 80.8 81.5 February 81.4 81.8 72.3 85.7 83.7 87.7 78.7 March 90.4 82.0 80.4 97.6 91.5 116.2 87.5 April 92.3 84.6 90.5 92.9 93.6 98.6 93.5 May 97.4 95.7 94.5 97.3 97.9 96.6 100.1 June 104.5 104.4 104.7 103.1 103.6 97.6 108.6 July 103.3 98.2 102.1 102.0 100.3 98.0 112.8 August 109.4 106.4 107.5 105.6 107.7 105.9 121.3 September 108.2 111.8 114.7 105.9 108.6 104.6 105.3 October 110.2 117.4 120.1 106.8 108.8 108.8 105.8 November 104.0 111.9 116.0 104.0 102.8 102.1 93.6 December 114.4 118.2 115.4 116.4 113.9 104.0 110.0 1999(r): January 83.3 87.3 82.0 82.2 87.2 80.5 82.2 February 81.8 81.7 71.9 86.3 84.0 84.0 79.0 March 91.0 82.2 80.5 97.5 91.8 118.8 88.1 April 92.0 84.5 90.7 92.4 93.2 99.2 93.7 May 97.2 96.0 94.4 97.2 97.8 97.2 100.3 June 104.9 104.8 104.8 104.4 103.8 97.0 108.4 July 102.9 98.1 102.6 101.1 99.8 97.1 112.7 August 109.4 106.0 107.2 105.9 107.7 105.9 121.5 September 108.5 112.2 114.6 106.6 109.2 105.3 105.0 October 109.9 117.1 119.8 107.1 109.2 109.1 104.9 November 104.5 111.8 116.3 103.7 102.6 102.0 93.3 December 114.0 118.0 115.2 115.1 113.8 104.8 109.5 2000(p): January 83.7 87.1 82.0 82.7 87.1 80.7 82.7 See footnotes at end of table. Table A-1. Seasonal Indexes Used to Adjust Housing Units Completed - Continued Period All units Northeast Midwest South West 1997(r): January 84.8 79.7 85.2 86.3 February 81.0 73.4 83.9 84.4 March 79.6 81.0 95.2 91.0 April 88.2 93.0 93.7 93.1 May 102.7 96.2 98.6 97.6 June 101.0 106.6 103.4 102.6 July 102.5 100.5 101.6 104.0 August 103.8 114.6 109.4 107.8 September 113.9 116.5 102.3 105.2 October 112.5 115.6 108.9 110.6 November 110.5 109.2 101.9 101.6 December 118.6 113.0 115.4 115.8 1998(r): January 85.1 80.2 85.2 86.0 February 80.7 73.3 84.1 84.6 March 80.7 81.4 95.4 91.4 April 87.7 93.2 94.0 93.0 May 103.4 96.2 98.4 97.3 June 101.6 106.1 103.3 102.9 July 102.6 101.1 101.7 103.8 August 103.2 114.8 109.7 107.7 September 114.1 116.5 102.6 105.4 October 111.2 114.8 108.2 110.6 November 109.9 109.3 102.2 101.6 December 118.7 112.4 115.0 115.1 1999(r): January 85.2 80.4 84.9 86.0 February 80.8 73.3 84.3 85.0 March 81.2 81.8 95.4 91.8 April 87.6 93.1 94.1 92.7 May 104.0 96.4 98.1 97.0 June 102.4 105.7 103.6 103.4 July 102.5 101.6 101.9 103.5 August 102.7 115.1 110 107.8 September 113.6 116.4 103.6 105.9 October 110.4 114.2 107.4 110.4 November 110.4 109.7 102.0 101.2 December 118.6 112.1 114.0 115.0 2000(p): January 84.9 80.4 84.6 86.0 p Preliminary. r Revised. 1 The implicit seasonal index is the ratio of the unadjusted number of housing units completed in the United States to the seasonally adjusted national total of housing units completed. It provides an indication of the overall seasonality for the particular month. Note: These seasonal indexes include trading-day adjustment factors. Table A-2. Seasonal Indexes Used to Adjust Housing Units Under Construction Period U.S. In structures with implicit 1 unit 2 to 4 5 units index\1 Northeast Midwest South West units or more 1997(r): January 95.1 95.5 92.6 93.8 93.7 98.8 99.0 February 94.3 92.4 89.4 94.1 92.8 96.4 98.4 March 95.7 92.0 91.3 96.5 95.4 95.8 98.9 April 98.7 96.7 95.1 99.4 98.8 96.5 100.4 May 100.5 99.0 99.3 102.0 100.2 97.9 100.6 June 102.3 101.2 103.1 103.6 102.9 101.6 100.5 July 103.5 105.1 106.0 104.2 105.0 99.2 100.4 August 104.0 106.4 107.3 104.4 106.0 101.4 99.8 September 103.7 104.3 107.8 103.9 105.6 101.8 99.7 October 103.3 104.6 106.9 102.4 104.4 103.5 101.2 November 101.5 103.4 103.6 100.2 100.5 104.9 101.1 December 97.1 99.3 96.5 95.1 94.7 102.1 99.8 1998(r): January 95.5 95.6 92.9 93.9 93.6 99.2 99.0 February 94.6 92.6 90.0 94.2 92.8 96.6 98.6 March 95.9 92.3 91.8 96.6 95.3 95.5 99.0 April 98.8 96.3 95.6 99.5 98.7 96.5 100.4 May 100.7 99.1 99.4 102.2 100.4 98.0 100.5 June 102.3 101.3 103.3 103.6 103.1 101.1 100.4 July 103.4 105.0 105.8 104.3 105.3 99.6 100.3 August 103.8 105.6 106.7 104.3 106.0 101.3 99.8 September 103.4 105.1 107.1 103.6 105.5 101.5 99.7 October 103.3 104.7 106.6 102.4 104.2 103.7 101.1 November 101.2 102.8 103.4 100.1 100.4 104.8 101.2 December 96.8 98.9 96.6 94.9 94.6 101.7 99.7 1999(r): January 95.5 95.6 93.1 94.0 93.5 99.4 99.1 February 94.8 92.8 90.6 94.3 92.8 96.9 98.7 March 96.3 93.1 92.3 96.8 95.3 95.3 99.1 April 98.7 96.2 95.8 99.6 98.6 96.7 100.3 May 100.5 98.4 99.5 102.3 100.5 98.2 100.5 June 102.5 102.0 103.4 103.7 103.2 100.6 100.4 July 103.6 105.0 105.5 104.3 105.6 100.0 100.4 August 103.5 105.8 106.2 104.2 106.1 101.6 99.6 September 103.2 104.7 106.5 103.3 105.4 101.3 99.7 October 103.1 104.7 106.4 102.3 103.9 103.5 101.1 November 101.4 103.0 103.3 100.1 100.4 104.9 101.3 December 96.9 98.9 96.8 94.8 94.6 101.3 99.6 2000(p): January 95.3 95.0 93.2 94.0 93.4 99.3 99.0 See footnotes at end of table. Table A-2. Seasonal Indexes Used to Adjust Housing Units Under Construction - Continued Period All units Northeast Midwest South West 1997(r): January 95.6 94.6 95.6 95.4 February 94.0 92.1 95.7 94.8 March 95.0 92.9 97.2 96.1 April 97.7 95.8 99.8 98.8 May 98.6 99.4 101.8 100.8 June 100.9 101.9 102.6 102.5 July 103.5 104.0 103.5 103.4 August 104.5 104.2 102.9 104.1 September 103.5 104.5 102.6 104.2 October 104.1 106.7 101.8 103.2 November 103.3 104.0 100.0 100.6 December 98.8 99.0 96.2 95.9 1998(r): January 95.8 95.1 95.8 95.5 February 94.5 92.4 95.9 94.8 March 95.3 93.2 97.2 96.0 April 97.7 96.4 100.0 98.8 May 98.6 99.2 101.7 100.9 June 100.5 102.1 102.6 102.6 July 103.4 103.9 103.5 103.5 August 104.3 103.8 102.8 104.1 September 103.3 104.1 102.4 104.1 October 104.1 106.6 101.8 103.1 November 103.2 103.8 100.0 100.6 December 98.8 98.9 96.1 95.9 1999(r): January 96.1 95.2 95.8 95.5 February 94.9 92.5 96.0 94.9 March 95.5 93.2 97.2 96.0 April 97.6 96.5 100.2 98.8 May 98.6 99.3 101.8 100.9 June 100.4 102.3 102.6 102.6 July 103.2 103.9 103.4 103.5 August 104.1 103.9 102.7 104.1 September 103.1 104.0 102.1 104.0 October 104.1 106.4 101.8 103.0 November 103.2 103.9 100.0 100.6 December 99.0 98.9 96.0 95.9 2000(r): January 96.3 95.1 95.8 95.5 p Preliminary. r Revised. 1 The implicit seasonal index is the ratio of the unadjusted number of housing units under construction in the United States to the seasonally adjusted national total of housing units under construction. It provides an indication of the overall seasonality for the particular month. Note: These seasonal indexes include trading-day adjustment factors.