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 8 percent in the first quarter of 2002, at a seasonally adjusted annual rate (SAAR) of 1,698,000 units, and were up a statistically insignificant 2 percent from the first quarter of 2001. One-unit permits, at 1,317,000 units, were up 10 percent from the level of the previous quarter and up 6 percent from a year earlier. Multifamily permits (5 or more units in structure), at 306,000 units, were a statistically insignificant 2 percent below the fourth quarter of 2001 and 16 percent below the first quarter of 2001.

 

Latest Quarter

Previous Quarter

Same Quarter Previous Year

% Change From Previous Quarter

% Change From Last Year

Total

1,698
1,578
1,671
+ 8
+ 2**

One Unit

1,317
1,199
1,240
+ 10
+ 6

Two to Four

75
67
66
+ 11
+ 13

Five Plus

306
312
365
2**
16
*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 first quarter of 2002 totaled 1,715,000 units at a seasonally adjusted annual rate, 9 percent above the fourth quarter of 2001 and a statistically insignificant 5 percent above the first quarter of 2001. Single-family starts, at 1,373,000 units, were 9 percent higher than the previous quarter and 7 percent above the year before. Multifamily starts totaled 288,000 units, unchanged from the previous quarter but a statistically insignificant 8 percent below the same quarter in 2001.

 

Latest Quarter

Previous Quarter

Same Quarter Previous Year

% Change From Previous Quarter

% Change From Last Year

Total

1,715
1,579
1,627
+ 9
+ 5**

One Unit

1,373
1,260
1,277
+ 9
+ 7

Five Plus

288
289
313
8**
*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 the first quarter of 2002 were at a seasonally adjusted annual rate of 1,012,000 units, a statistically insignificant 1 percent above the previous quarter and a statistically insignificant 1 percent above the first quarter of 2001. Single-family units stood at 677,000, a statistically insignificant 1 percent above the previous quarter but unchanged from the first quarter of 2001. Multifamily units were at 301,000 units, up a statistically insignificant 2 percent from the previous quarter and up a statistically insignificant 3 percent from the first quarter of 2001.

 

Latest Quarter

Previous Quarter

Same Quarter Previous Year

% Change From Previous Quarter

% Change From Last Year

Total

1,012
998
1,002
+ 1**
+ 1**

One Unit

677
673
676
+ 1**

Five Plus

301
296
293
+ 2**
+ 3**
*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 first quarter of 2002, at a seasonally adjusted annual rate of 1,604,000 units, were down a statistically insignificant 1 percent from the previous quarter but up 9 percent from the same quarter of 2001. Single-family completions, at 1,327,000 units, were up a statistically insignificant 1 percent from the previous quarter and up 14 percent from the rate of a year earlier. Multifamily completions, at 251,000 units, were a statistically insignificant 7 percent below the previous quarter and 12 percent below the same quarter of 2001.

 

Latest Quarter

Previous Quarter

Same Quarter Previous Year

% Change From Previous Quarter

% Change From Last Year

Total

1,604
1,618
1,478
1**
+ 9

One Unit

1,327
1,313
1,166
+ 1**
+ 14

Five Plus

251
271
285
7**
12
*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 181,000 units in the first quarter of 2002, which is 12 percent below the previous quarter but 2 percent above the rate of a year earlier.

 

Latest Quarter

Previous Quarter

Same Quarter Previous Year

% Change From Previous Quarter

% Change From Last Year

Manufacturers' Shipments

181

205

177

12

+ 2

*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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