HOUSING UNITS COMPLETED IN FEBRUARY 1995 AT AN ANNUAL RATE OF 1,292,000 Privately owned housing completions in February were at a seasonally adjusted annual rate of 1,292,000, according to estimates released jointly today by the U.S. Commerce Department's Bureau of the Census and the U.S. Department of Housing and Urban Development. This is 10 (+/-7) percent below the revised January rate of 1,478,000 and 3 (+/-7) percent below the February 1994 estimate of 1,337,000. The February 1995 rate of single-family housing completions was 1,070,000; this is 11 (+/-7) percent below the January figure of 1,205,000. The February rate for units in buildings with five units or more was 177,000. The February rate for units in buildings with two to four units was 45,000. During the first 2 months of this year, 185,000 housing units were completed compared with the same period in 1994. This is an increase of 5 (+/-5) percent. At the end of February, the seasonally adjusted estimate of housing units under construction was 805,000. Of these, 585,000 units were single-family structures, 198,000 were in buildings with five units or more, and 22,000 were in buildings with two to four units. The next press release is scheduled to be issued on Thursday, May 6, 1995 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 3 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 issue of Current Construction Reports, C22/95-1, includes explanations of confidence intervals and sampling variability. On average, the preliminary seasonally adjusted estimate of total housing completions is revised about +/-1 percent. Questions regarding these data may be directed to Erica Filipek, Construction Starts Branch, telephone (301) 457-4703. NEW PRIVATELY OWNED HOUSING UNITS COMPLETED BY TYPE OF STRUCTURE: FEBRUARY 1995 In structures with -- 3 and 4 5 units Period Total 1 unit 2 units units or more Seasonally adjusted annual rate 1994 - February 1,337 1,187 30 120 March 1,266 1,106 42 118 April 1,363 1,200 32 131 May 1,438 1,245 39 154 June 1,333 1,151 27 155 July 1,280 1,157 24 99 August 1,337 1,144 27 166 September 1,400 1,158 36 206 October 1,376 1,169 24 183 November 1,371 1,136 34 201 December(r) 1,388 1,173 35 180 1995 - January(r) 1,428 1,205 44 179 FEBRUARY(p) 1,292 1,070 45 177 AVG. RSE (%) 3 3 21 10 Not seasonally adjusted 1993 1,192.7 1,039.4 9.5 16.7 127.1 1994(r) 1,346.9 1,160.3 12.1 19.5 154.9 AVG. RSE (%) 1 2 13 7 3 1994 First 2 months 176.0 156.2 1.2 2.8 15.8 1995 First 2 months 185.0 155.7 2.7 3.2 23.4 AVG. RSE (%) 2 3 24 18 8 1994 - February 89.6 79.6 0.4 1.5 8.1 March 94.1 82.0 0.8 2.5 8.7 April 103.6 90.5 0.9 1.8 10.4 May 115.6 100.7 1.7 1.5 11.7 June 117.1 99.4 1.0 1.5 15.2 July 108.9 98.5 0.6 1.3 8.4 August 124.0 103.8 1.3 1.3 17.7 September 128.5 106.1 1.4 1.7 19.3 October 130.5 112.4 0.8 1.5 15.7 November 116.4 97.7 1.1 1.7 15.9 December(r) 132.3 113.1 1.2 1.9 16.2 1995 - January(r) 99.9 84.8 1.6 1.5 12.0 FEBRUARY(p) 85.2 71.0 1.2 1.7 11.4 AVG. RSE (%) 3 3 28 28 10 Thousands of units. Detail may not add to total because of rounding. 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). (p) Preliminary. (r) Revised. (Z) Less than 50 units or less than 0.5 percent. Source: Construction Reports, Series C22, Housing Completions. The C22 report is available from the U.S. Government Printing Office. Annual Subscription: $11.00. Questions regarding these data may be directed to Erica Filipek, Construction Starts Branch, telephone (301) 457-4703. NEW PRIVATELY OWNED HOUSING UNITS COMPLETED BY LOCATION: FEBRUARY 1995 North- Mid- Period Total east west South West Seasonally adjusted annual rate 1994 - February 1,337 115 311 543 368 March 1,266 103 298 540 325 April 1,363 124 300 610 329 May 1,438 145 326 582 385 June 1,333 122 317 572 322 July 1,280 124 285 538 333 August 1,337 146 307 546 338 September 1,400 131 319 619 331 October 1,376 127 307 622 320 November 1,371 111 301 628 331 December(r) 1,388 120 326 612 330 1995 - January(r) 1,428 154 339 640 295 FEBRUARY(p) 1,292 136 310 564 282 AVG. RSE (%) 3 10 6 5 6 Not seasonally adjusted 1993 1,192.7 117.6 273.3 512.0 290.0 1994(r) 1,346.9 123.4 307.1 580.9 335.5 AVG. RSE (%) 1 4 2 2 2 1994 First 2 months 176.0 14.9 36.5 76.1 48.6 1995 First 2 months 185.0 20.2 40.8 84.2 39.8 AVG. RSE (%) 2 7 5 4 4 1994 - February 89.6 7.2 18.7 38.1 25.5 March 94.1 7.4 20.0 42.7 24.0 April 103.6 9.4 21.4 46.5 26.3 May 115.6 11.4 25.4 48.5 30.3 June 117.1 10.3 29.4 51.0 26.4 July 108.9 10.7 23.7 45.0 29.4 August 124.0 13.0 28.7 51.4 30.9 September 128.5 11.7 32.0 55.5 29.3 October 130.5 12.2 31.6 56.6 30.0 November 116.4 10.8 27.2 50.6 27.8 December(r) 132.3 11.6 31.2 56.9 32.6 1995 - January(r) 99.9 11.6 22.2 45.1 21.0 FEBRUARY(p) 85.2 8.6 18.6 39.2 18.8 AVG. RSE (%) 3 10 6 5 6 Thousands of units. Detail may not add to total because of rounding. 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). (p) Preliminary. (r) Revised. (Z) Less than 50 units or less than 0.5 percent. Source: Construction Reports, Series C22, Housing Completions. The C22 report is available from the U.S. Government Printing Office. Annual Subscription: $11.00. Questions regarding these data may be directed to Erica Filipek, Construction Starts Branch, telephone (301) 457-4703. NEW PRIVATELY OWNED HOUSING UNITS UNDER CONSTRUCTION AT END OF PERIOD BY TYPE OF STRUCTURE: FEBRUARY 1995 In structures with -- 3 and 4 5 units Period Total 1 unit 2 units units or more Seasonally adjusted 1994 - February 720 577 19 124 March 731 584 18 129 April 736 582 18 136 May 746 581 18 147 June 751 585 17 149 July 757 585 17 155 August 770 589 18 163 September 773 590 19 164 October 779 587 21 171 November 787 587 23 177 December(r) 791 584 23 184 1995 - January(r) 793 579 21 193 FEBRUARY(p) 805 585 22 198 AVG. RSE (%) 2 2 8 3 Not seasonally adjusted 1994 - February 659.9 522.1 7.0 11.1 119.8 March 695.6 551.1 7.2 10.4 126.8 April 727.5 572.4 7.3 10.7 137.0 May 759.6 592.4 7.2 10.7 149.3 June 776.8 608.9 7.0 10.4 150.5 July 794.2 619.0 7.3 10.8 157.1 August 808.0 624.1 7.9 11.8 164.2 September 806.0 621.2 8.1 12.0 164.7 October 804.4 608.9 8.4 12.2 175.0 November 797.1 595.6 9.7 12.9 178.9 December(r) 762.2 557.8 9.1 12.9 182.5 1995 - January(r) 745.4 536.6 8.3 12.8 187.7 FEBRUARY(p) 740.5 530.2 8.6 12.3 189.4 AVG. RSE (%) 2 2 15 8 3 Thousands of units. Detail may not add to total because of rounding. AVG. RSE (%): Avg. RSE for the latest 6-month period (January-June or July-December). (p) Preliminary. (r) Revised. (Z) Less than 50 units or less than 0.5 percent. Source: Construction Reports, Series C22, Housing Completions. The C22 report is available from the U.S. Government Printing Office. Annual Subscription: $11.00. Questions regarding these data may be directed to Erica Filipek, Construction Starts Branch, telephone (301) 457-4703. NEW PRIVATELY OWNED HOUSING UNITS UNDER CONSTRUCTION AT END OF PERIOD BY LOCATION: FEBRUARY 1995 North- Mid- Period Total east west South West Seasonally adjusted 1994 - February 720 91 163 285 181 March 731 90 165 294 182 April 736 92 168 294 182 May 746 93 170 302 181 June 751 95 169 305 182 July 757 93 171 310 183 August 770 94 173 320 183 September 773 91 172 324 186 October 779 93 174 325 187 November 787 96 179 325 187 December(r) 791 98 179 328 186 1995 - January(r) 793 94 179 329 191 FEBRUARY(p) 805 96 183 328 198 AVG. RSE (%) 2 4 3 3 3 Not seasonally adjusted 1994 - February 659.9 84.3 140.7 269.1 165.8 March 695.6 84.9 148.5 286.5 175.6 April 727.5 89.1 161.7 297.2 179.5 May 759.6 91.6 171.9 314.4 181.7 June 776.8 96.8 176.3 316.9 186.7 July 794.2 97.0 184.2 322.1 190.9 August 808.0 98.8 187.4 330.8 191.0 September 806.0 96.6 185.0 330.3 194.1 October 804.4 96.2 185.1 328.9 194.2 November 797.1 98.5 186.3 323.0 189.3 December(r) 762.2 96.3 173.5 312.1 180.3 1995 - January(r) 745.4 91.0 163.6 310.0 180.8 FEBRUARY(p) 740.5 88.5 158.1 309.2 184.7 AVG. RSE (%) 2 4 3 3 3 Thousands of units. Detail may not add to total because of rounding. AVG. RSE (%): Avg. RSE for the latest 6-month period (January-June or July-December). (p) Preliminary. (r) Revised. (Z) Less than 50 units or less than 0.5 percent. Source: Construction Reports, Series C22, Housing Completions. The C22 report is available from the U.S. Government Printing Office. Annual Subscription: $11.00. Questions regarding these data may be directed to Erica Filipek, Construction Starts Branch, telephone (301) 457-4703.