National Data


Housing Production / Housing Marketing / Housing Finance
Housing Investment / Housing Inventory


HOUSING PRODUCTION

Permits iconPermits*

Permits for construction of new housing units were up a statistically insignificant 2 percent in the third quarter of 2002, at a seasonally adjusted annual rate (SAAR) of 1,702,000 units, and were up 7 percent from the third quarter of 2001. One-unit permits, at 1,305,000 units, were up 2 percent from the level of the previous quarter and up 7 percent from a year earlier. Multifamily permits (5 or more units in structure), at 322,000 units, were a statistically insignificant 1 percent below the second quarter of 2002 but 5 percent above the third quarter of 2001.

 

Latest Quarter

Previous Quarter

Same Quarter Previous Year

% Change From Previous Quarter

% Change From Last Year

Total

1,702

1,671

1,593

+ 2**

+ 7

One Unit

1,305

1,273

1,224

+ 2

+ 7

Two to Four

75

74

61

+ 1**

+ 22

Five Plus

322

324

308

1**

+ 5

*Components may not add to totals because of rounding. Units in thousands.
**This change is not statistically significant.
Source: Census Bureau, Department of Commerce


Starts iconStarts*

Construction starts of new housing units in the third quarter of 2002 totaled 1,707,000 units at a seasonally adjusted annual rate, a statistically insignificant 2 percent above the second quarter of 2002 and a statistically insignificant 7 percent above the third quarter of 2001. Single-family starts, at 1,349,000 units, were a statistically insignificant 2 percent higher than the previous quarter and a statistically insignificant 6 percent above the third-quarter level of the previous year. Multifamily starts totaled 325,000 units, a statistically insignificant 8 percent above the previous quarter and a statistically insignificant 13 percent above the same quarter in 2001.

 

Latest Quarter

Previous Quarter

Same Quarter Previous Year

% Change From Previous Quarter

% Change From Last Year

Total

1,707

1,667

1,603

+ 2**

+ 7**

One Unit

1,349

1,328

1,277

+ 2**

+ 6**

Five Plus

325

302

288

+ 8**

+ 13**

*Components may not add to totals because of rounding. Units in thousands.
**This change is not statistically significant.
Source: Census Bureau, Department of Commerce


Under Construction iconUnder Construction*

Housing units under construction at the end of 2002s third quarter were at a seasonally adjusted annual rate of 1,036,000 units, a statistically insignificant 2 percent above the previous quarter and a statistically insignificant 2 percent above the third quarter of 2001. Single-family units stood at 700,000, a statistically insignificant 2 percent above the previous quarter and a statistically insignificant 2 percent above the third quarter of 2001. Multifamily units were at 308,000 units, up a statistically insignificant 1 percent from the previous quarter and up a statistically insignificant 5 percent from the third quarter of 2001.

 

Latest Quarter

Previous Quarter

Same Quarter Previous Year

% Change From Previous Quarter

% Change From Last Year

Total

1,036

1,017

1,013

+ 2**

+ 2**

One Unit

700

685

689

+ 2**

+ 2**

Five Plus

308

304

294

+ 1**

+ 5**

*Components may not add to totals because of rounding. Units in thousands.
**This change is not statistically significant.
Sources: Census Bureau, Department of Commerce; and Office of Policy Development and Research, Department of Housing and Urban Development.


Completions iconCompletions*

Housing units completed in the third quarter of 2002, at a seasonally adjusted annual rate of 1,639,000 units, were unchanged from the previous quarter but up a statistically insignificant 3 percent from the same quarter of 2001. Single-family completions, at 1,297,000 units, were unchanged from the previous quarter but up a statistically insignificant 2 percent from the rate of a year earlier. Multifamily completions, at 307,000 units, were a statistically insignificant 3 percent above the previous quarter and a statistically insignificant 8 percent above the same quarter of 2001.

 

Latest Quarter

Previous Quarter

Same Quarter Previous Year

% Change From Previous Quarter

% Change From Last Year

Total

1,639

1,646

1,587

+ 3**

One Unit

1,297

1,303

1,272

+ 2**

Five Plus

307

297

283

+ 3**

+ 8**

*Components may not add to totals because of rounding. Units in thousands.
**This change is not statistically significant.
Sources: Census Bureau, Department of Commerce; and Office of Policy Development and Research, Department of Housing and Urban Development


Manufactured (Mobile) Home Shipments iconManufactured (Mobile) Home Shipments*

Shipments of new manufactured (mobile) homes were at a seasonally adjusted rate of 168,000 units in the third quarter of 2002, which is 4 percent below the previous quarter and 16 percent below the rate of a year earlier.

 

Latest Quarter

Previous Quarter

Same Quarter Previous Year

% Change From Previous Quarter

% Change From Last Year

Manufacturers' Shipments


168


175


199


4


16

*Units in thousands. These are HUD-code homes only and do not include manufactured housing units built to meet local building codes, which are included in housing starts figures.
Source: National Conference of States on Building Codes and Standards


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