HOUSING UNITS COMPLETED IN JANUARY 1997 AT AN ANNUAL RATE OF 1,324,000 Privately owned housing completions in January were at a seasonally adjusted annual rate of 1,324,000, 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 (+/-6) percent below the revised December rate of 1,469,000 and 7 (+/-6) percent below the January 1996 estimate of 1,427,000. The January 1997 rate of single-family housing completions was 1,081,000; this is 7 (+/-6) percent below the revised December rate of 1,167,000. The January rate for units in buildings with five units or more was 225,000. The January rate for units in buildings with two to four units was 18,000. At the end of January, the seasonally adjusted estimate of housing units under construction was 822,000; this is 1 (+/-1) percent above the revised December figure of 817,000. Of these, 577,000 units were single-family structures, 216,000 were in buildings with five units or more, and 29,000 were in buildings with two to four units. The next press release is scheduled to be issued on Thursday, April 3, 1997, at 10:00 A.M. EST. Note: This document is no longer available on CENDATA, FASTFAX or the CENSUS/BEA Forum. This document and future releases can be retrieved from the Census Bureau's World-Wide-Web site, http://www.census.gov/ 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 1997 issue of Current Construction Reports, C22/97-1 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. Questions regarding these data may be directed to Manufacturing and Construction Division, Residential Construction Branch, telephone (301) 457-4703. NEW PRIVATELY OWNED HOUSING UNITS COMPLETED BY TYPE OF STRUCTURE: JANUARY 1997 In structures with -- 3 and 4 5 units Period Total 1 unit 2 units units or more Seasonally adjusted annual rate 1994(r) January 1,228 1,083 31 114 February 1,353 1,198 31 124 March 1,257 1,091 42 124 April 1,374 1,209 34 131 May 1,430 1,242 40 148 June 1,336 1,149 30 157 July 1,281 1,170 21 90 August 1,348 1,149 27 172 September 1,414 1,158 37 219 October 1,378 1,170 29 179 November 1,365 1,139 27 199 December 1,386 1,172 36 178 1995(r) January 1,434 1,206 45 183 February 1,305 1,087 42 176 March 1,408 1,183 33 192 April 1,348 1,099 40 209 May 1,334 1,068 34 232 June 1,239 1,037 32 170 July 1,338 1,049 44 245 August 1,251 1,021 26 204 September 1,279 1,009 27 243 October 1,331 1,040 28 263 November 1,361 1,082 38 241 December 1,203 997 28 178 1996(r) January 1,427 1,130 28 269 February 1,329 1,050 31 248 March 1,382 1,102 28 252 April 1,351 1,074 26 251 May 1,409 1,124 25 260 June 1,426 1,137 24 265 July 1,463 1,161 30 272 August 1,449 1,153 43 253 September 1,356 1,097 40 219 October 1,375 1,129 26 220 November 1,431 1,151 43 237 December 1,469 1,167 44 258 1997 - JANUARY(p) 1,324 1,081 18 225 AVG. RSE (%) 3 3 12 8 Not seasonally adjusted 1995 1,312.6 1,065.5 14.8 19.8 212.4 1996(r) 1,412.1 1,128.0 13.5 19.6 251.0 AVG. RSE (%) 1 1 11 7 2 1996 - January 99.3 79.4 0.6 1.4 17.9 February 91.0 72.3 0.7 1.4 16.6 March 103.1 83.7 0.6 1.8 17.1 April 101.9 80.3 0.7 1.4 19.4 May 114.6 91.9 0.9 1.0 20.7 June 125.9 98.0 1.0 1.0 25.9 July 126.3 97.6 1.0 1.9 25.9 August 134.1 104.1 1.8 2.1 26.1 September 122.1 99.6 1.2 2.3 19.0 October 129.9 108.5 1.0 1.0 19.4 November(r) 122.7 99.2 2.5 2.0 19.1 December(r) 141.1 113.4 1.3 2.4 23.9 1997 - JANUARY(p) 91.9 75.8 0.4 0.9 14.8 AVG. RSE (%) 3 3 17 16 8 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 1997 North- Mid- Period Total east west South West Seasonally adjusted annual rate 1994(r) January 1,228 106 273 536 313 February 1,353 112 319 551 371 March 1,257 106 299 534 318 April 1,374 128 284 620 342 May 1,430 147 323 585 375 June 1,336 119 323 578 316 July 1,281 126 278 537 340 August 1,348 150 304 550 344 September 1,414 129 326 630 329 October 1,378 125 318 614 321 November 1,365 115 299 619 332 December 1,386 117 329 608 332 1995(r) January 1,434 156 350 636 292 February 1,305 129 320 560 296 March 1,408 142 310 586 370 April 1,348 100 340 596 312 May 1,334 144 318 566 306 June 1,239 117 270 545 307 July 1,338 154 302 574 308 August 1,251 101 268 574 308 September 1,279 124 282 565 308 October 1,331 128 264 605 334 November 1,361 103 268 629 361 December 1,203 135 220 549 299 1996(r) January 1,427 114 332 622 359 February 1,329 137 247 592 353 March 1,382 97 303 627 355 April 1,351 117 302 612 320 May 1,409 118 283 645 363 June 1,426 127 304 639 356 July 1,463 105 351 656 351 August 1,449 126 313 661 349 September 1,356 132 285 586 353 October 1,375 131 274 642 328 November 1,431 144 328 639 320 December 1,469 138 319 672 340 1997 - JANUARY(p) 1,324 114 308 574 328 AVG. RSE (%) 3 8 8 4 5 Not seasonally adjusted 1995 1,312.6 126.9 287.9 581.1 316.7 1996(r) 1,412.1 125.3 304.3 636.3 346.1 AVG. RSE (%) 1 3 2 2 1 1996 - January 99.3 8.4 21.0 43.9 26.0 February 91.0 9.2 15.2 41.9 24.7 March 103.1 6.6 20.0 49.7 26.8 April 101.9 8.8 22.9 45.9 24.3 May 114.6 9.2 22.6 53.3 29.5 June 125.9 10.9 27.8 56.6 30.5 July 126.3 9.3 29.9 56.3 30.8 August 134.1 11.0 30.3 61.4 31.4 September 122.1 11.7 27.4 51.3 31.7 October 129.9 13.2 27.1 59.7 30.0 November(r) 122.7 13.5 30.0 52.3 27.0 December(r) 141.1 13.5 30.1 63.9 33.5 1997 - JANUARY(p) 91.9 8.3 19.9 40.2 23.4 AVG. RSE (%) 3 8 8 4 5 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 1997 In structures with -- 3 and 4 5 units Period Total 1 unit 2 units units or more Seasonally adjusted 1994(r) January 709 569 20 120 February 716 573 19 124 March 732 585 18 129 April 740 584 19 137 May 749 585 17 147 June 757 590 18 149 July 764 590 18 156 August 773 590 20 163 September 774 590 20 164 October 775 583 20 172 November 785 585 22 178 December 784 579 21 184 1995(r) January 782 570 22 190 February 795 578 22 195 March 771 554 22 195 April 758 542 20 196 May 756 539 21 196 June 758 536 21 201 July 760 538 20 202 August 774 548 21 205 September 782 555 21 206 October 782 559 21 202 November 786 560 20 206 December 798 568 21 209 1996(r) January 802 568 20 214 February 798 566 19 213 March 814 580 20 214 April 825 590 23 212 May 826 590 24 212 June 826 594 25 207 July 825 593 27 205 August 820 593 24 203 September 825 592 25 208 October 825 588 26 211 November 828 584 28 216 December 817 573 27 217 1997 - JANUARY(p) 822 577 29 216 AVG. RSE (%) 1 2 7 3 Not seasonally adjusted 1996 - January 763.7 533.7 7.6 11.9 210.4 February 765.8 533.1 7.8 11.7 213.3 March 772.8 544.0 8.1 10.8 209.9 April 813.5 578.4 9.2 13.2 212.7 May 835.2 595.5 9.7 14.4 215.7 June 845.1 610.5 10.2 16.4 208.0 July 853.3 619.9 9.9 17.8 205.7 August 857.0 627.3 9.2 16.1 204.4 September 858.9 624.5 10.3 15.0 209.1 October 855.1 614.0 10.8 16.7 213.6 November(r) 843.3 596.7 9.3 19.2 218.2 December(r) 795.0 552.3 9.0 18.6 215.1 1997 - JANUARY(p) 783.2 542.8 9.2 18.5 212.7 AVG. RSE (%) 1 2 8 9 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: JANUARY 1997 North- Mid- Period Total east west South West Seasonally adjusted 1994(r) January 709 91 159 280 179 February 716 91 160 285 180 March 732 91 162 297 182 April 740 93 169 296 182 May 749 92 171 305 181 June 757 95 171 308 183 July 764 94 174 311 185 August 773 95 175 320 183 September 774 93 175 321 185 October 775 92 173 324 186 November 785 96 178 323 188 December 784 97 176 325 186 1995(r) January 782 95 174 325 188 February 795 96 177 326 196 March 771 95 169 322 185 April 758 94 163 318 183 May 756 93 156 318 189 June 758 93 159 318 188 July 760 89 155 327 189 August 774 91 161 330 192 September 782 90 164 335 193 October 782 90 165 333 194 November 786 89 168 337 192 December 798 87 174 344 193 1996(r) January 802 87 176 345 194 February 798 83 179 339 197 March 814 88 180 347 199 April 825 89 180 352 204 May 826 90 180 353 203 June 826 88 180 354 204 July 825 91 180 352 202 August 820 90 181 347 202 September 825 90 183 354 198 October 825 89 183 352 201 November 828 86 182 355 205 December 817 86 180 352 199 1997 - JANUARY(p) 822 88 180 354 200 AVG. RSE (%) 1 4 4 2 2 Not seasonally adjusted 1996 - January 763.7 82.9 165.5 328.9 186.3 February 765.8 79.8 163.4 332.7 189.9 March 772.8 82.6 164.5 335.7 190.0 April 813.5 86.5 172.3 352.5 202.2 May 835.2 88.4 181.0 361.7 204.1 June 845.1 90.4 183.6 363.2 208.0 July 853.3 93.9 188.3 364.2 206.9 August 857.0 94.3 192.7 359.3 210.6 September 858.9 93.7 193.4 364.4 207.5 October 855.1 92.4 195.1 357.2 210.3 November(r) 843.3 88.8 191.1 356.5 207.0 December(r) 795.0 84.9 178.2 339.6 192.2 1997 - JANUARY(p) 783.2 84.9 168.8 337.8 191.8 AVG. RSE (%) 1 4 4 2 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.