HOUSING PRODUCTION Permits* 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* 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* Housing units under construction at the end of 2002’s 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* 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* 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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