The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for March 2013:
PRIVATELY-OWNED HOUSING STARTS INCREASED WHILE SINGLE-FAMILY HOUSING STARTS DECLINED BETWEEN FEBRUARY 2013 AND MARCH 2013.
- Privately-owned housing starts in March 2013 were at a seasonally adjusted annual rate of 1,036,000. This is 7.0 percent (±11.8%)* above the revised February 2013 estimate of 968,000 and is 46.7 percent (±13.9%) above the March 2012 rate of 706,000.
- Single-family housing starts in March 2013 were at a rate of 619,000; this is 4.8 percent (±10.8%)* below the revised February 2013 figure of 650,000, but an 18 percent increase from the February 2012 rate of 507,000. The March 2013 rate for units in buildings with five units or more was 392,000.