HOUSING UNITS COMPLETED IN DECEMBER 1995 AND JANUARY 1996 Privately owned housing completions in January 1996 were at a seasonally adjusted annual rate of 1,358,000, according to estimates released today by the U.S. Commerce Department's Bureau of the Census and the U.S. Department of Housing and Urban Development. This is 12 (+/-8) percent above the December rate of 1,213,000, which was also reported today. The December rate is 11 (+/-7) percent below the revised November rate of 1,360,000. The January rate of single-family housing completions was 1,072,000; this is 8 (+/-9) percent above the December rate of 995,000. The January rate for units in buildings with five units or more was 259,000; this is 38 percent above the December rate of 188,000. The January rate for units in buildings with two to four units was 27,000; the December rate was 30,000. An estimated 1,311,300 housing units were completed in 1995. This is 3 (+/-1) percent below the 1994 figure of 1,346,900. At the end of January, the seasonally adjusted estimate of housing units under construction was 813,000; this is 1 (+/-1) percent above the December figure of 803,000. Of these, 578,000 units were single-family structures, 214,000 were in buildings with five units or more, and 21,000 were in buildings with two to four units. The next press release is scheduled to be issued on Thursday, April 4, 1996, at 10:00 A.M. EST. SPECIAL NOTES ABOUT THIS RELEASE Although released for the first time, the December 1995 data on housing completions and housing units under construction shown in this release include additional reports and corrections normally associated with the first revision to the estimates. Seasonally adjusted data are revised annually using the latest available information. The seasonally adjusted estimates shown in this release have been revised. Revised monthly data for January 1993 through November 1995 will appear in the December 1995/January 1996 Current Construction Reports, C22/96-1, which will be issued later this month. EXPLANATORY NOTES In interpreting changes in the statistics in this release, note that month-to-month changes in seasonally adjusted statistics 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 December 1995/January 1996 Current Construction Reports, C22/96-1, will include explanations of confidence intervals and sampling variability. On average, the preliminary seasonally adjusted estimates 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: JANUARY 1996 In structures with -- 3 and 4 5 units Period Total 1 unit 2 units units or more Seasonally adjusted annual rate 1993(r) January 1,135 975 22 138 February 1,236 1,043 20 173 March 1,105 983 21 101 April 1,216 1,067 22 127 May 1,111 973 20 118 June 1,193 1,017 28 148 July 1,090 956 29 105 August 1,264 1,084 30 150 September 1,172 1,047 26 99 October 1,246 1,078 41 127 November 1,235 1,102 27 106 December 1,289 1,129 24 136 1994(r) January 1,210 1,067 31 112 February 1,354 1,198 32 124 March 1,261 1,098 41 122 April 1,369 1,205 33 131 May 1,423 1,236 38 149 June 1,337 1,148 28 161 July 1,278 1,163 21 94 August 1,353 1,154 29 170 September 1,419 1,175 37 207 October 1,363 1,162 26 175 November 1,354 1,128 29 197 December 1,400 1,173 38 189 1995(r) January 1,415 1,193 42 180 February 1,302 1,081 46 175 March 1,442 1,220 34 188 April 1,331 1,085 39 207 May 1,324 1,058 32 234 June 1,256 1,049 32 175 July 1,332 1,034 43 255 August 1,247 1,019 26 202 September 1,267 1,009 30 228 October 1,320 1,039 25 256 November 1,360 1,081 39 240 December(1) 1,213 995 30 188 1996 - JANUARY(p) 1,358 1,072 27 259 AVG. RSE (%) 3 3 18 9 Not seasonally adjusted 1994 1,346.9 1,160.3 12.1 19.5 154.9 1995(1) 1,311.3 1,064.6 14.8 19.9 212.0 AVG. RSE (%) 1 1 13 7 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 108.7 89.4 1.3 1.5 16.6 July 115.5 88.2 1.8 2.4 23.1 August 115.5 92.1 0.7 1.7 21.0 September 115.5 91.9 1.4 1.0 21.2 October(r) 125.4 100.1 1.0 1.2 23.0 November(r) 116.0 92.6 1.4 2.6 19.4 December(1) 114.0 95.7 0.9 1.4 16.0 1996 - JANUARY(p) 95.9 76.4 0.7 1.3 17.5 AVG. RSE (%) 3 3 25 24 9 Thousands of units. Detail may not add to total because of rounding. AVG. RSE (%): Annual - Avg. RSE for the last 2 years. 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: JANUARY 1996 North- Mid- Period Total east west South West Seasonally adjusted annual rate 1993(r) January 1,135 108 239 495 293 February 1,236 145 329 495 267 March 1,105 96 247 500 262 April 1,216 147 278 485 306 May 1,111 94 239 513 265 June 1,193 102 276 469 346 July 1,090 100 239 502 249 August 1,264 137 287 539 301 September 1,172 98 268 518 288 October 1,246 116 302 517 311 November 1,235 142 274 532 287 December 1,289 127 295 567 300 1994(r) January 1,210 105 265 531 309 February 1,353 116 315 551 372 March 1,261 103 302 537 319 April 1,369 128 291 612 338 May 1,423 144 319 587 373 June 1,337 120 325 574 318 July 1,278 122 282 533 341 August 1,353 149 309 551 344 September 1,419 131 322 633 333 October 1,363 124 309 611 319 November 1,354 114 301 613 326 December 1,400 119 329 616 336 1995(r) January 1,415 153 337 632 293 February 1,302 134 314 559 295 March 1,442 142 321 603 376 April 1,331 101 346 581 303 May 1,324 141 316 565 302 June 1,256 119 273 549 315 July 1,332 148 307 568 309 August 1,247 101 266 573 307 September 1,267 124 277 559 307 October 1,320 127 255 604 334 November 1,360 104 270 630 356 December(1) 1,213 136 216 555 306 1996 - JANUARY(p) 1,358 103 284 608 363 AVG. RSE (%) 3 10 7 5 6 Not seasonally adjusted 1994 1,346.9 123.4 307.1 580.9 335.5 1995(1) 1,311.3 126.9 287.1 580.4 316.9 AVG. RSE (%) 1 3 2 2 2 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 108.7 10.3 24.7 48.1 25.7 July 115.5 13.3 25.9 48.9 27.4 August 115.5 8.8 25.8 53.5 27.3 September 115.5 11.1 27.0 49.7 27.7 October(r) 125.4 12.7 25.9 56.2 30.6 November(r) 116.0 9.7 25.0 51.1 30.3 December(1) 114.0 12.9 20.0 51.3 29.8 1996 - JANUARY(p) 95.9 7.7 18.6 43.2 26.5 AVG. RSE (%) 3 10 7 5 6 Thousands of units. Detail may not add to total because of rounding. AVG. RSE (%): Annual - Avg. RSE for the last 2 years. 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: JANUARY 1996 In structures with -- 3 and 4 5 units Period Total 1 unit 2 units units or more Seasonally adjusted 1993(r) January 636 500 18 118 February 640 507 18 115 March 633 500 19 114 April 636 505 19 112 May 648 518 19 111 June 654 523 20 111 July 663 530 21 112 August 665 537 20 108 September 677 543 19 115 October 687 551 21 115 November 695 559 20 116 December 703 565 19 119 1994(r) January 709 570 18 121 February 716 574 18 124 March 734 585 19 130 April 741 586 18 137 May 751 586 18 147 June 754 588 17 149 July 763 590 17 156 August 770 589 19 162 September 772 588 20 164 October 778 586 20 172 November 786 586 22 178 December 786 580 22 184 1995(r) January 783 570 22 191 February 795 578 21 196 March 769 553 21 195 April 762 545 20 197 May 755 537 21 197 June 755 533 22 200 July 762 539 21 202 August 772 547 21 204 September 783 555 21 207 October 781 560 21 200 November 790 562 20 208 December(1) 803 572 21 210 1996 - JANUARY(p) 813 578 21 214 AVG. RSE (%) 1 2 6 2 Not seasonally adjusted 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 775.7 551.4 8.9 12.9 202.4 July 787.7 564.3 8.9 11.8 202.8 August 808.1 579.7 8.9 12.6 206.9 September 813.4 584.7 9.1 12.7 206.8 October(r) 811.1 583.5 8.9 13.3 205.5 November(r) 800.5 571.9 8.7 12.1 207.8 December(1) 778.2 549.2 8.4 11.9 208.8 1996 - JANUARY(p) 772.0 541.3 8.0 11.8 210.9 AVG. RSE (%) 1 2 11 7 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: JANUARY 1996 North- Mid- Period Total east west South West Seasonally adjusted 1993(r) January 636 84 146 243 163 February 640 82 146 246 166 March 633 82 143 243 165 April 636 80 139 249 168 May 648 83 145 252 168 June 654 84 147 256 167 July 663 87 148 260 168 August 665 86 148 261 170 September 677 89 152 264 172 October 687 90 156 270 171 November 695 90 158 273 174 December 703 90 159 278 176 1994(r) January 709 90 160 281 178 February 716 91 161 284 180 March 734 91 164 297 182 April 741 92 169 297 183 May 751 93 171 305 182 June 754 94 170 307 183 July 763 94 174 310 185 August 770 94 174 319 183 September 772 91 174 322 185 October 778 93 174 324 187 November 786 95 179 324 188 December 786 98 177 325 186 1995(r) January 783 95 175 327 186 February 795 95 178 325 197 March 769 95 170 320 184 April 762 95 164 319 184 May 755 93 155 318 189 June 755 92 157 317 189 July 762 90 155 328 189 August 772 90 159 331 192 September 783 90 162 336 195 October 781 90 165 333 193 November 790 89 170 339 192 December(1) 803 88 176 346 193 1996 - JANUARY(p) 813 87 182 349 195 AVG. RSE (%) 1 4 2 2 3 Not seasonally adjusted 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 775.7 94.7 162.0 327.2 191.7 July 787.7 92.0 162.7 339.1 193.9 August 808.1 94.8 171.8 341.7 199.9 September 813.4 94.4 172.8 343.1 203.0 October(r) 811.1 93.6 176.7 338.2 202.6 November(r) 800.5 92.5 176.3 337.5 194.2 December(1) 778.2 86.2 173.1 331.9 187.1 1996 - JANUARY(p) 772.0 83.8 169.3 331.1 187.9 AVG. RSE (%) 1 4 2 2 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.