Monthly housing starts by region - Brief Article
Home Channel News, Jan 22, 2001
National and regional monthly housing starts history and one-month forecast. Figures are in thousands of units at seasonally adjusted annual rates. Data for December 2000 are estimates; for January 2001,forecasts. Key:\Single-unit starts. \Multi-unit starts.
Rebound on the horizon? Housing starts continue to pull back in light of lower consumer confidence and slower gains in household incomes. In the latest three months, total starts declined 11 percent from a year ago. Single-unit starts were off 13 percent, and multi-unit starts were off 2 percent. The January 2001 reductions in the discount rate and the federal-funds rate send a message that monetary policy will begin to be expansionary, leading to a revival in new housing starts.
Sources: u.s. Department of Commerce, Building Materials Research Institute
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