HOUSING PRODUCTION Permits* Permits for construction of new housing units were up a statistically insignificant 2 percent in the second quarter of 2003 at a seasonally adjusted annual rate (SAAR) of 1,781,000 units and were up 4 percent from the second quarter of 2002. One-unit permits, at 1,367,000 units, were up a statistically insignificant 2 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 334,000 units, were 2 percent above the first quarter of 2003 but 3 percent below the second quarter of 2002.   Latest Quarter Previous Quarter Same Quarter Previous Year % Change From Previous Quarter % Change From Last Year Total 1,781 1,750 1,710 + 2** + 4 One Unit  1,367 1,345 1,291 + 2** + 6 Two to Four 80 79 74 + 1** + 8 Five Plus 334 326 345 + 2 – 3 *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 2003 totaled 1,723,000 units at a seasonally adjusted annual rate, a statistically insignificant 1 percent below the first quarter of 2003 but a statistically insignificant 2 percent above the second quarter of 2002. Single-family starts, at 1,402,000 units, were unchanged from the previous quarter but were a statistically insignificant 5 percent above the second-quarter level of the previous year. Multifamily starts totaled 292,000 units, a statistically insignificant 1 percent below the previous quarter and a statistically insignificant 4 percent below the same quarter in 2002.   Latest Quarter Previous Quarter Same Quarter Previous Year % Change From Previous Quarter % Change From Last Year Total 1,723 1,737 1,683 – 1** + 2** One Unit 1,402 1,405 1,341 — + 5** Five Plus 292 296 305 – 1** – 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 2003 were at a seasonally adjusted annual rate of 1,052,000 units, unchanged from the previous quarter but 3 percent above the second quarter of 2002. Single-family units stood at 727,000, unchanged from the previous quarter but 6 percent above the second quarter of 2002. Multifamily units were at 301,000, down a statistically insignificant 1 percent from the previous quarter and down a statistically insignificant 1 percent from the second quarter of 2002.   Latest Quarter Previous Quarter Same Quarter Previous Year % Change From Previous Quarter % Change From Last Year Total 1,052 1,053 1,021 — + 3 One Unit 727 724 688 — + 6 Five Plus 301 304 304 – 1** – 1** *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 2003, at a seasonally adjusted annual rate of 1,699,000 units, were up a statistically insignificant 3 percent from the previous quarter and were up a statistically insignificant 3 percent from the same quarter of 2002. Single-family completions, at 1,372,000 units, were up a statistically insignificant 5 percent from the previous quarter and were up 5 percent from the rate of a year earlier. Multifamily completions, at 296,000 units, were unchanged from the previous quarter and were unchanged from the same quarter of 2002.   Latest Quarter Previous Quarter Same Quarter Previous Year % Change From Previous Quarter % Change From Last Year Total 1,699 1,647 1,649 + 3** + 3** One Unit 1,372 1,311 1,305 + 5** + 5 Five Plus 296 295 297 — — *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 130,000 units in the second quarter of 2003, which is 4 percent below the previous quarter and 22 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 130 135 168 –4 – 22 *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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