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US housing construction slackens off again in February

12.04.2019 − 

In the twelve month period up to and including February housing starts in the USA decreased by 8.7% to 1.162m units vis à vis the twelve months up to and including January, adjusted to account for seasonal fluctuations. According to the adjusted figures for January, housing starts had increased by 11.7% vis à vis the previous month. From September (1.237m units) to December 2018 (1.140m units), however, housing starts declined vis à vis the preceding month in each case. In the preceding months the figure fluctuated, at 1.334m units the highest figure of the last year was achieved in January.

According to the preliminary figures published by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, housing starts for detached houses decreased by 17.0% to 805,000 units in the twelve months up to and including February. The decrease was only partially compensated by a 23.5% increase in housing starts for multi-family houses to 352,000. With regard to the different regions, there was a decrease in the number of housing starts in the south (-6.8% to 663,000 units), in the west (-18.9% to 240,000 units) as well as in the north-east (-29.5% to 98.000 units). In the mid-west (+26.8% to 161,000 units), by contrast, the number of housing starts exceeded the comparative figure.

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