Posted March 16, 2010
Building permits, housing starts down
Building permits issued for private housing in February were at a seasonally adjusted annual rate of 612,000, 1.6 percent below the revised January rate of 622,000.
According to the U.S. Census Bureau and the Department of Housing and Urban Development, the February figure is 11.3 percent above the February 2009 estimate of 550,000.
Privately-owned housing starts in February were at a seasonally adjusted annual rate of 575,000. This is 5.9 percent below the revised January estimate of 611,000, but is 0.2 percent above the February 2009 rate of 574,000.
Single-family housing starts in February were at a rate of 499,000; this is 0.6 percent below the revised January figure of 502,000. The February rate for units in buildings with five units or more was 58,000.
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