Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

U.S. Housing Starts Down Following a Record Q4
Feb 19, 2004
 Printable format
 Email this Article
 Search

Coming off the incredible rate of production that closed out 2003, home builders slowed the pace of housing starts to a seasonally adjusted annual rate of 1.903 million units in January, the Commerce Department reported. This is 7.9 percent below December's revised estimate of 2.067 million units, but 4.1 percent above the January 2003 rate and 12 percent above the annual total of 1.848 million for 2003, which was the highest in 26 years.

"Builders have just finished an incredibly strong year and we are starting 2004 at a pace that will keep us on track to match 2003's record production," said Bobby Rayburn, president of the National Association of Home Builders (NAHB).

Single-family starts dipped to a seasonally adjusted annual rate of 1.537 million units. This was 8.0 percent below the revised December rate and 1.9 percent above the January 2003 pace.

"The favorable interest rate structure, solid house price performance and improving economic indicators continue to drive the housing market," said NAHB Chief Economist David Seiders. "Although the January rate was lower than in the final months of 2003, it was still exceptionally high."

The pace of multi-family housing starts decreased 3.6 percent from December to a seasonally adjusted rate of 339,000 units and was 21.9 percent above the pace of a year ago. In addition, construction of new homes and apartments slowed in all regions in January.

For the month, issuance of total building permits was down 2.8 percent from December to a seasonably adjusted rate of 1.899 million units, but 6.9 percent above January 2003. Single-family permit issuance decreased by 2.8 percent and multifamily permits were down 8.7 percent from the December pace.

Back to Daily News

 

Daily News

...........................................................

Nov 21, 2014: Electrolux: new U.S. fridge efficiency requirements are more complex than anticipated

Nov 21, 2014: Whirlpool brand launches Perceptions of Care video

Nov 21, 2014: Hon Hai 3Q profit $1 billion

Nov 21, 2014: Environmental Product Declarations for aluminum product types released

Nov 20, 2014: Report: Drop in affluents' consumer confidence may foretell signal trouble ahead for some retailers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows