For Release 10:00 A.M. EST, Friday, March 2, 2001 CB01-40 JANUARY 2001 HOUSING COMPLETIONS AT AN ANNUAL RATE OF 1,447,000 Privately owned housing completions in January 2001 were at a seasonally adjusted annual rate of 1,447,000, according to estimates released jointly today by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. This is 7 (+/-7)percent below the revised December 2000 rate of 1,564,000 and 10 (+/-7) percent below the January 2000 rate of 1,599,000. The January 2001 rate of single-family housing completions was 1,126,000. This is 10 (+/-7) percent below the revised December 2000 rate of 1,255,000. The rate for units in buildings with five units or more was 296,000, and the rate for units in buildings with two to four units was 25,000. At the end of January 2001, the seasonally adjusted estimate of housing units under construction was 1,020,000. This is 1 (+/-1) percent above the revised December 2000 figure of 1,006,000. Of these, 699,000 units were single-family structures, 291,000 were in buildings with five units or more, and 30,000 were in buildings with two to four units. The next press release is scheduled to be issued on Wednesday, March 28, 2001 at 10:00 A.M. EST. 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 Current Construction Reports, C22/00-1, includes 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 2000 - January 1,599 1,296 18 285 142 349 755 353 February 1,732 1,382 31 319 156 358 815 403 March 1,728 1,375 24 329 161 390 760 417 April 1,660 1,354 30 276 161 316 765 418 May 1,705 1,377 27 301 139 380 802 384 June 1,545 1,222 31 292 155 343 733 314 July 1,531 1,216 23 292 152 296 733 350 August 1,612 1,266 27 319 149 355 732 376 September 1,559 1,215 24 320 158 343 709 349 October 1,546 1,212 33 301 151 317 743 335 November (r) 1,589 1,290 29 270 130 334 753 372 December (r) 1,564 1,255 17 292 134 334 722 374 2001 - January (p) 1,447 1,126 25 296 145 335 639 328 Average RSE (%) 3 3 25 9 9 9 4 4 1b. Not seasonally adjusted 1999 1,636.1 1,307.2 12.0 25.2 291.8 145.4 337.5 750.4 402.7 2000 (r) 1,608.1 1,282.1 11.0 15.3 299.7 148.1 341.4 749.4 369.2 Average RSE (%) 1 1 7 10 3 3 3 2 1 2000 - January 112.5 91.8 0.6 0.6 19.5 10.0 23.2 54.0 25.4 February 118.5 95.0 1.0 1.2 21.4 10.6 21.8 57.8 28.2 March 130.4 103.6 1.1 1.1 24.7 11.0 27.1 59.7 32.6 April 127.6 103.8 0.8 1.6 21.4 11.9 24.2 59.3 32.2 May 139.1 111.6 0.8 1.4 25.3 11.9 30.8 65.6 30.8 June 134.7 105.9 1.0 1.6 26.1 13.5 30.3 63.6 27.3 July 130.5 101.7 0.5 1.2 27.1 13.0 25.0 62.5 30.0 August 147.5 112.5 1.2 1.2 32.6 12.7 34.2 66.6 34.0 September 139.8 109.7 0.8 1.3 28.1 15.2 33.3 60.6 30.7 October 140.9 111.5 1.5 1.7 26.3 13.8 29.9 66.7 30.5 November (r) 137.7 114.7 1.3 1.1 20.6 11.6 30.2 64.5 31.4 December (r) 148.7 120.5 0.4 1.2 26.6 12.9 31.2 68.5 36.1 2001 - January (p) 100.9 78.9 0.5 1.0 20.5 10.2 22.2 45.1 23.4 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 2000 - January 1033 712 23 298 111 219 459 244 February 1041 712 23 306 111 225 456 249 March 1031 706 22 303 110 222 455 244 April 1029 703 21 305 110 224 451 244 May 1023 697 21 305 110 221 448 244 June 1024 696 23 305 110 218 449 247 July 1020 691 24 305 109 218 444 249 August 1016 692 25 299 109 214 443 250 September 1009 689 26 294 109 211 437 252 October 1011 691 28 292 110 210 438 253 November (r) 1009 686 28 295 111 209 431 258 December (r) 1006 684 30 292 114 205 426 261 2001 - January (p) 1020 699 30 291 113 205 435 267 Average RSE (%) 1 2 9 3 4 4 2 2 2b. Not seasonally adjusted 2000 -January 985.2 667.8 8.5 13.8 295.1 106.2 207.5 438.4 233.2 February 987.5 662.4 8.3 14.2 302.7 105.6 208.4 437.9 235.7 March 993.9 672.8 7.9 13.4 299.9 106.5 207.5 445.1 234.8 April 1017.3 690.1 8.4 13.0 305.8 107.6 217.7 451.3 240.7 May 1032.3 704.2 8.8 12.3 307.0 109.4 220.6 456.7 245.7 June 1048.2 717.7 8.6 14.0 307.9 110.2 223.1 461.4 253.4 July 1055.6 723.9 9.1 15.9 306.8 112.2 228.2 457.2 258.0 August 1051.5 728.0 8.5 17.6 297.4 113.3 223.6 454.1 260.5 September 1040.8 720.8 8.9 18.5 292.7 112.6 219.0 446.7 262.6 October 1040.2 717.7 9.4 19.0 294.1 114.2 221.6 445.0 259.3 November (r) 1021.7 694.3 9.1 19.9 298.3 114.9 218.2 429.6 259.0 December (r) 975.1 654.5 9.7 19.9 291.0 113.7 201.5 408.8 251.1 2001 -January (p) 975.1 657.3 9.9 20.1 287.8 109.7 193.9 415.6 255.8 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 4-6 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.... 1,636 1,307 292 1,378 1,079 270 258 228 22 2000\r.. 1,608 1,282 300 1,362 1,063 278 246 219 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 450 366 76 378 301 71 71 64 5 2000 1st qtr 362 290 66 306 240 61 56 50 4 2nd qtr 401 321 73 342 269 68 59 53 5 3rd qtr 418 324 88 354 268 81 64 56 7 4th qtr\r 427 347 73 360 286 68 67 61 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... 145 119 21 338 283 43 2000/r. 148 126 18 341 277 56 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... 37 30 5 97 84 10 2000 1st qtr... 32 29 2 72 59 11 2nd qtr... 37 32 5 85 70 13 3rd qtr... 41 33 7 93 73 17 4th qtr\r. 38 32 5 91 75 14 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... 750 587 151 403 318 77 2000/r. 749 585 156 369 294 70 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... 203 160 40 113 91 20 2000 1st qtr... 172 133 36 86 69 16 2nd qtr... 188 146 40 90 73 15 3rd qtr... 190 144 43 95 73 20 4th qtr\r. 200 161 37 98 78 18 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 992.6 679.0 291.6 822.1 533.2 271.9 170.6 145.8 19.7 2000 1st qtr 993.9 672.8 299.9 829.0 533.3 279.1 164.9 139.5 20.8 2nd qtr 1,048.2 717.7 307.9 864.9 560.1 286.9 183.2 157.6 21.0 3rd qtr 1,040.8 720.8 292.7 854.5 560.1 272.3 186.3 160.6 20.4 4th qtr\r 975.1 654.5 291.0 803.7 509.5 270.6 171.4 145.0 20.4 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... 107.3 80.7 23.4 215.7 161.4 46.8 2000 1st qtr... 106.5 74.7 28.7 207.5 152.2 48.2 2nd qtr... 110.2 77.7 29.0 223.1 168.1 47.3 3rd qtr... 112.6 78.7 29.6 219.0 166.3 43.5 4th qtr\r. 113.7 77.4 31.7 201.5 147.7 44.1 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... 437.1 284.0 146.1 232.6 152.9 75.3 2000 1st qtr... 445.1 291.0 147.4 234.8 154.8 75.6 2nd qtr... 461.4 306.9 147.7 253.4 165.0 83.8 3rd qtr... 446.7 305.0 133.8 262.6 170.8 85.8 4th qtr\r. 408.8 268.8 131.3 251.1 160.6 84.0 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 5. Seasonal Indexes Used to Adjust Housing Units Completed Period U.S. In structures with All units implicit 1 unit 2 to 4 5 units North- Mid- index\1 Northeast Midwest South West units or more east west South West 2000: November/r 104.0 110.4 116.2 103.2 104.3 104.4 91.5 107.8 109.0 103.1 101.8 December/r 114.1 117.4 114.9 115.4 114.6 107.1 109.4 115.2 111.7 113.3 115.6 2001: January/p 83.7 85.2 81.1 84.2 86.8 78.0 83.0 83.8 79.1 84.0 85.1 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 6. Seasonal Indexes Used to Adjust Housing Units Under Construction Period U.S. In structures with All units implicit 1 unit 2 to 4 5 units North- Mid- index\1 Northeast Midwest South West units or more east west South West 2000: November/r 101.3 103.6 103.5 99.8 100.2 104.6 101.3 103.1 104.2 99.7 100.6 December/r 96.9 99.3 96.4 94.5 94.8 101.3 99.5 99.3 98.1 95.8 95.9 2001: January/p 95.6 96.4 92.6 94.0 94.0 100.1 98.9 97.1 94.4 95.8 95.6 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. Source: Construction Reports, Series C22, Housing Completions. The C22 report is available from the U.S. Government Printing Office. Annual Subscription: $18.00. Questions regarding these data may be directed to Dale R. Jacobson, Residential Construction Branch, Manufacturing and Construction Division, U.S. Census Bureau. Telephone: (301) 457-1321.