| HOUSING PRODUCTION
 Permits*
Permits for construction of new housing units were down a statistically insignificant 2 percent in the first
quarter of 2003 at a seasonally adjusted annual rate (SAAR) of 1,758,000 units but were up 4 percent from the
first quarter of 2002. One-unit permits, at 1,346,000 units, were down 3 percent from the level of the previous
quarter but up 3 percent from a year earlier. Multifamily permits (5 or more units in structure), at 335,000
units, were 3 percent below the fourth quarter of 2002 but 6 percent above the first quarter of 2002.
|
|
Latest
Quarter
|
Previous
Quarter
|
Same Quarter
Previous Year
|
% Change
From Previous Quarter
|
% Change
From Last Year
|
|
Total
|
1,758
|
1,799
|
1,694
|
–
2**
|
+
4
|
|
One Unit
|
1,346
|
1,383
|
1,306
|
– 3
|
+
3
|
|
Two to Four
|
77
|
71
|
73
|
+
9**
|
+
6**
|
|
Five Plus
|
335
|
346
|
315
|
–
3
|
+
6
|
*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 first quarter of 2003 totaled 1,753,000 units at a seasonally
adjusted annual rate, unchanged from the fourth quarter of 2002 but a statistically insignificant 2 percent above
the first quarter of 2002. Single-family starts, at 1,413,000 units, were unchanged from the previous quarter but
were a statistically insignificant 3 percent above the first-quarter level of the previous year. Multifamily starts
totaled 304,000 units, a statistically insignificant 1 percent above the previous quarter and a statistically
insignificant 1 percent above the same quarter in 2002.
|
|
Latest
Quarter
|
Previous
Quarter
|
Same Quarter
Previous Year
|
% Change
From Previous Quarter
|
% Change
From Last Year
|
|
Total
|
1,753
|
1,748
|
1,725
|
–
|
+ 2**
|
|
One Unit
|
1,413 |
1,414
|
1,371
|
–
|
+ 3**
|
|
Five Plus
|
304
|
300
|
301
|
+ 1**
|
+ 1**
|
*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 the first quarter of 2003 were at a seasonally adjusted annual
rate of 1,060,000 units, a statistically insignificant 2 percent above the previous quarter and a statistically
insignificant 4 percent above the first quarter of 2002. Single-family units stood at 725,000, a statistically
insignificant 3 percent above the previous quarter and 7 percent above the first quarter of 2002. Multifamily
units were at 311,000, unchanged from the previous quarter but up a statistically insignificant 2 percent from
the first quarter of 2002.
|
|
Latest
Quarter
|
Previous
Quarter
|
Same Quarter
Previous Year
|
% Change
From Previous Quarter
|
% Change
From Last Year
|
|
Total
|
1,060
|
1,043
|
1,015
|
+ 2**
|
+ 4**
|
|
One Unit
|
725
|
706
|
676
|
+ 3**
|
+ 7
|
|
Five Plus
|
311
|
310
|
306
|
–
|
+ 2**
|
*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 first quarter of 2003, at a seasonally adjusted annual rate of 1,645,000 units,
were down a statistically insignificant 1 percent from the previous quarter but were up a statistically insignificant
2 percent from the same quarter of 2002. Single-family completions, at 1,322,000 units, were down a statistically
insignificant 2 percent from the previous quarter and down a statistically insignificant 1 percent from the
rate of a year earlier. Multifamily completions, at 283,000 units, were unchanged from the previous quarter but
were 11 percent above the same quarter of 2002.
|
|
Latest
Quarter
|
Previous
Quarter
|
Same Quarter
Previous Year
|
% Change
From Previous Quarter
|
% Change
From Last Year
|
|
Total
|
1,645
|
1,655
|
1,617
|
– 1**
|
+ 2**
|
|
One Unit
|
1,322
|
1,343
|
1,337
|
+ 2**
|
– 1**
|
|
Five Plus
|
283
|
283
|
254
|
–
|
+ 11
|
*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 132,000 units in the first
quarter of 2003, which is 12 percent below the previous quarter and 27 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
|
132
|
149
|
180
|
– 12
|
–27 |
*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
|
|
