Tuesday, March 17, 2009

The Real Picture on Housing Starts--Chart

They a the picture is worth a thousand words. You can decide for yourself.

Privately-owned housing starts in February were at a seasonally adjusted annual rate of 583,000. This is 22.2 percent (±13.8%) above the revised January estimate of 477,000, but is 47.3 percent (±5.3%) below the revised February 2008 rate of 1,107,000.

Single-family housing starts in February were at a rate of 357,000; this is 1.1 percent (±11.0%)* above the January figure of 353,000.

The February rate for units in buildings with five units or more was 212,000.
Housing Starts Feb 2009

Source: ST. Louis Federal Reserve, Census Bureau
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