HOUSING UNITS COMPLETED IN AUGUST 1995 AT AN ANNUAL RATE OF 1,217,000 Privately owned housing completions in August were at a seasonally adjusted annual rate of 1,217,000, 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 8 (+/-6) percent below the revised July rate of 1,322,000, and 9 (+/-6) percent below the August 1994 estimate of 1,337,000. The August 1995 rate of single-family housing completions was 986,000; this is 6 (+/-7) percent below the July figure of 1,045,000. The August rate for units in buildings with five units or more was 202,000. The August rate for units in buildings with two to four units was 29,000. During the first 8 months of this year, 835,800 housing units were completed. This is virtually unchanged (+/-2 percent) from the same period in 1994 when 839,300 units were completed. At the end of August, the seasonally adjusted estimate of housing units under construction was 776,000; this is 2 (+/-2) percent above the revised July figure of 762,000. Of these, 549,000 units were single-family structures, 205,000 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 Friday, November 3, 1995 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 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) 457-4666. NEW PRIVATELY OWNED HOUSING UNITS COMPLETED BY TYPE OF STRUCTURE: AUGUST 1995 In structures with -- 3 and 4 5 units Period Total 1 unit 2 units units or more Seasonally adjusted annual rate 1994 - 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 1,388 1,173 35 180 1995 - January 1,436 1,209 45 182 February 1,302 1,080 44 178 March 1,443 1,222 35 186 April 1,334 1,089 39 206 May 1,342 1,072 33 237 June(r) 1,256 1,053 30 173 July(r) 1,322 1,045 40 237 AUGUST(p) 1,217 986 29 202 AVG. RSE (%) 3 3 22 11 Not seasonally adjusted 1993 1,192.7 1,039.4 9.5 16.7 127.1 1994 1,346.9 1,160.3 12.1 19.5 154.9 AVG. RSE (%) 1 2 13 7 3 1994 First 8 months 839.3 731.0 7.6 12.7 87.9 1995 First 8 months 835.8 682.4 10.0 13.3 130.1 AVG. RSE (%) 1 2 17 9 3 1994 - 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 132.3 113.1 1.2 1.9 16.2 1995 - January 100.2 84.8 1.6 1.5 12.3 February 86.1 71.9 1.1 1.6 11.4 March 105.1 89.1 1.1 1.7 13.2 April 101.5 82.1 1.3 1.8 16.3 May 107.8 86.8 1.3 1.4 18.4 June(r) 108.7 89.4 1.3 1.5 16.6 July(r) 113.6 88.9 1.8 1.5 21.4 AUGUST(p) 112.7 89.4 0.6 2.2 20.5 AVG. RSE (%) 3 3 30 23 11 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: AUGUST 1995 North- Mid- Period Total east west South West Seasonally adjusted annual rate 1994 - 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 1,388 120 326 612 330 1995 - January 1,436 152 346 639 299 February 1,302 132 314 558 298 March 1,443 144 323 600 376 April 1,334 100 344 586 304 May 1,342 144 327 564 307 June(r) 1,256 119 272 551 314 July(r) 1,322 134 312 574 302 AUGUST(p) 1,217 97 247 571 302 AVG. RSE (%) 3 11 6 6 6 Not seasonally adjusted 1993 1,192.7 117.6 273.3 512.0 290.0 1994 1,346.9 123.4 307.1 580.9 335.5 AVG. RSE (%) 1 4 2 2 2 1994 First 8 months 839.3 77.1 185.1 361.2 215.9 1995 First 8 months 835.8 78.5 187.7 371.9 197.7 AVG. RSE (%) 1 3 2 3 2 1994 - 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 132.3 11.6 31.2 56.9 32.6 1995 - January 100.2 11.4 22.7 45.0 21.2 February 86.1 8.3 18.8 38.7 20.2 March 105.1 9.9 20.7 46.6 27.8 April 101.5 7.2 25.9 44.5 23.9 May 107.8 11.2 24.8 46.9 24.9 June(r) 108.7 10.3 24.7 48.1 25.7 July(r) 113.6 11.5 26.0 48.9 27.1 AUGUST(p) 112.7 8.6 24.1 53.1 26.9 AVG. RSE (%) 3 11 6 6 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: AUGUST 1995 In structures with -- 3 and 4 5 units Period Total 1 unit 2 units units or more Seasonally adjusted 1994 - August 770 589 18 163 September 773 590 19 164 October 779 587 21 171 November 787 587 23 177 December 791 584 23 184 1995 - January 792 578 22 192 February 797 579 22 196 March 769 552 22 195 April 763 544 22 197 May 755 536 22 197 June(r) 756 534 22 200 July(r) 762 537 22 203 AUGUST(p) 776 549 22 205 AVG. RSE (%) 2 2 7 2 Not seasonally adjusted 1994 - 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 762.2 557.8 9.1 12.9 182.5 1995 - January 743.4 535.1 8.3 12.9 187.1 February 736.0 526.2 8.6 12.3 188.9 March 732.3 520.5 8.7 12.3 190.9 April 747.4 530.6 8.5 11.9 196.4 May 764.1 543.2 8.6 12.2 200.2 June(r) 775.7 551.4 8.9 12.9 202.4 July(r) 790.5 564.3 8.9 13.2 204.2 AUGUST(p) 813.2 583.1 9.5 13.4 207.3 AVG. RSE (%) 2 2 12 8 2 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: AUGUST 1995 North- Mid- Period Total east west South West Seasonally adjusted 1994 - 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 791 98 179 328 186 1995 - January 792 94 179 329 190 February 797 96 178 327 196 March 769 95 171 319 184 April 763 95 165 318 185 May 755 94 155 316 190 June(r) 756 92 157 318 189 July(r) 762 92 153 329 188 AUGUST(p) 776 92 160 332 192 AVG. RSE (%) 2 3 3 3 3 Not seasonally adjusted 1994 - 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 762.2 96.3 173.5 312.1 180.3 1995 - January 743.4 91.4 162.6 309.5 179.9 February 736.0 88.9 156.0 308.9 182.2 March 732.3 88.7 155.3 310.6 177.7 April 747.4 90.8 155.8 319.2 181.6 May 764.1 91.6 156.2 327.4 188.9 June(r) 775.7 94.7 162.0 327.2 191.7 July(r) 790.5 93.6 162.6 339.8 194.5 AUGUST(p) 813.2 97.0 172.0 343.7 200.6 AVG. RSE (%) 2 3 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.