HOUSING PRODUCTION Permits* Permits for construction of new housing units were down a statistically insignificant 1 percent in the second quarter of 2002, at a seasonally adjusted annual rate (SAAR) of 1,669,000 units, but were up a statistically insignificant 2 percent from the second quarter of 2001. One-unit permits, at 1,272,000 units, were down 3 percent from the level of the previous quarter but up a statistically insignificant 2 percent from a year earlier. Multifamily permits (5 or more units in structure), at 324,000 units, were 3 percent above the first quarter of 2002 but a statistically insignificant 1 percent below the second quarter of 2001.   Latest Quarter Previous Quarter Same Quarter Previous Year % Change From Previous Quarter % Change From Last Year Total 1,669 1,694 1,643 – 1** + 2** One Unit 1,272 1,306 1,244 – 3 + 2** Two to Four 73 73 72 + 1** + 2** Five Plus 324 315 327 + 3 – 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 Starts* Construction starts of new housing units in the second quarter of 2002 totaled 1,658,000 units at a seasonally adjusted annual rate, a statistically insignificant 4 percent below the first quarter of 2002 but a statistically insignificant 2 percent above the second quarter of 2001. Single-family starts, at 1,334,000 units, were a statistically insignificant 3 percent lower than the previous quarter but a statistically insignificant 3 percent above the year before. Multifamily starts totaled 290,000 units, a statistically insignificant 4 percent below the previous quarter but unchanged from the same quarter in 2001.   Latest Quarter Previous Quarter Same Quarter Previous Year % Change From Previous Quarter % Change From Last Year Total 1,658 1,725 1,624 – 4** + 2** One Unit 1,334 1,371 1,292 – 3** + 3** Five Plus 290 301 291 – 4** — *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 second quarter of 2002 were at a seasonally adjusted annual rate of 1,012,000 units, unchanged from the previous quarter and unchanged from the second quarter of 2001. Single-family units stood at 684,000, a statistically insignificant 1 percent above the previous quarter but a statistically insignificant 1 percent below the second quarter of 2001. Multifamily units were at 300,000 units, down a statistically insignificant 2 percent from the previous quarter but up a statistically insignificant 2 percent from the second quarter of 2001.   Latest Quarter Previous Quarter Same Quarter Previous Year % Change From Previous Quarter % Change From Last Year Total 1,012 1,015 1,013 — — One Unit 684 676 688 + 1** – 1** Five Plus 300 306 295 – 2** + 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 second quarter of 2002, at a seasonally adjusted annual rate of 1,641,000 units, were up a statistically insignificant 1 percent from the previous quarter and up 4 percent from the same quarter of 2001. Single-family completions, at 1,304,000 units, were down a statistically insignificant 2 percent from the previous quarter but up 4 percent from the rate of a year earlier. Multifamily completions, at 289,000 units, were a statistically insignificant 14 percent above the previous quarter and a statistically insignificant 2 percent above the same quarter of 2001.   Latest Quarter Previous Quarter Same Quarter Previous Year % Change From Previous Quarter % Change From Last Year Total 1,641 1,617 1,574 + 1** + 4 One Unit 1,304 1,337 1,249 – 2** + 4 Five Plus 289 254 284 + 14** + 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 Manufactured (Mobile) Home Shipments* Shipments of new manufactured (mobile) homes were at a seasonally adjusted rate of 180,000 units in the first quarter of 2002, which is 10 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 180 200 176 – 10 + 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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