February
Housing Completions
New Privately Owned Housing Units Completed
2100
2000
Issued April 2000 C22/00-2
Seasonally adjusted annual rate in thousands
Seasonally adjusted annual rate 4-month moving average
Current Construction Reports
1800
1500
Total
1200
900
In structures with one unit
600
In structures with five units or more
300
0
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
Note: Total includes units started in structures with two to four units. Source: U.S. Census Bureau, Housing Completions.
Questions regarding these data may be directed to Dale R. Jacobson, Residential Construction Branch, Manufacturing and Construction Division, telephone: 301-457-1321. For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington DC 20402.
U.S. Department of Housing and Urban Development
U.S. Department of Commerce
Economics and Statistics Administration
U.S. CENSUS BUREAU
SUMMARY OF FINDINGS This report provides monthly statistics on the number of new privately owned housing units completed and under construction. This report is released jointly by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Privately owned housing units were completed in February 2000 at a seasonally adjusted annual rate of 1,712,000. This is 7 (±7) percent above the revised January rate of 1,593,000, and 13 (±7) percent above the February 1999 rate of 1,510,000. The February 2000 rate of single-family housing completions was 1,349,000. This is 4 (±7) percent above the revised January rate of 1,294,000. The rate for units in buildings with five units or more was 331,000, and the rate for units in buildings with two to four units was 32,000. The seasonally adjusted estimate of housing units under construction at the end of February 2000 was 1,042,000. This is 1 (±1) percent above the revised January estimate of 1,032,000. Of these, 714,000 were singlefamily structures, 305,000 were in buildings with five units or more, and 23,000 were in buildings with two to four units. EXPLANATION The statistics in this report are estimated from sample surveys and are subject to sampling variability as well as nonsampling error including bias and variance from response, nonreporting and undercoverage. Estimated
average relative standard errors of preliminary data are shown in the tables. Whenever a statement such as ‘‘2 (±3) percent above’’ appears in the text, this indicates the range (-1 to +5 percent) in which the actual percent change is likely to have occurred. All ranges given for percent changes are 90-percent confidence intervals and account only for sampling variability. If a range contains zero, it is unclear whether there was an increase or decrease; that is, the change is not statistically significant. For any comparison cited without a confidence interval, the change is statistically significant. In interpreting changes in the seasonally adjusted rates of housing completions, note that month-to-month changes may reflect movements which may be irregular. It may take 4 months to establish an underlying trend for total completions. The appendix in the January 2000 issue of this report includes explanations of confidence intervals and sampling variability. On average, the preliminary seasonally adjusted estimates of total housing completions are revised about ±1 percent. Housing completions and under construction statistics do not include HUD-coded manufactured homes. HISTORICAL DATA Housing completions data have been collected since 1968. Housing starts are available from 1889 to the present date. Historical data for all these series are available from the Residential Construction Branch, Manufacturing and Construction Division, U.S. Census Bureau, Washington, DC 20233-6900. Telephone: 301-457-1321.
2
U.S. Census Bureau
Table 1. New Privately Owned Housing Units Completed
[Thousands of units. Detail may not add to total because of rounding] In structures with-Period Total
ANNUAL DATA 1990 . . . . . . . . . . . . . . . . . . . . . . . . 1991 . . . . . . . . . . . . . . . . . . . . . . . . 1992 . . . . . . . . . . . . . . . . . . . . . . . . 1993 . . . . . . . . . . . . . . . . . . . . . . . . 1994 . . . . . . . . . . . . . . . . . . . . . . . . 1995 . . . . . . . . . . . . . . . . . . . . . . . . 1996 . . . . . . . . . . . . . . . . . . . . . . . . 1997 . . . . . . . . . . . . . . . . . . . . . . . . 1998 . . . . . . . . . . . . . . . . . . . . . . . . 1999r . . . . . . . . . . . . . . . . . . . . . . . MONTHLY DATA Not Seasonally Adjusted 1999: January . . . . . . . . . . . . . . February . . . . . . . . . . . . . March . . . . . . . . . . . . . . . April . . . . . . . . . . . . . . . . . May . . . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . September . . . . . . . . . . . . October . . . . . . . . . . . . . . November . . . . . . . . . . . . Decemberr . . . . . . . . . . . . 2000: Januaryr . . . . . . . . . . . . . Februaryp . . . . . . . . . . . . . 1999 . . . . . . . . . . 2000 . . . . . . . . . . 114.9 103.0 130.6 125.3 136.1 144.9 138.9 144.1 148.5 147.2 144.0 158.6 112.0 116.7 217.9 228.7 1,654 1,510 1,722 1,635 1,680 1,657 1,619 1,581 1,642 1,608 1,653 1,675 1,593 1,712 90.2 84.9 103.9 100.9 109.1 116.2 106.1 111.0 119.2 117.9 119.8 128.1 91.5 92.5 175.0 184.0 1,292 1,237 1,374 1,325 1,355 1,336 1,262 1,251 1,307 1,274 1,345 1,340 1,294 1,349 0.8 1.2 0.7 1.0 0.7 0.8 1.5 1.5 0.8 0.5 1.1 1.3 0.6 1.0 2.0 1.6 3.7 1.4 3.8 1.5 1.2 2.4 3.1 0.8 1.9 2.0 1.3 1.9 0.6 1.2 5.0 1.9 20.2 15.6 22.2 21.8 25.2 25.4 28.1 30.7 26.6 26.8 21.8 27.3 19.2 22.0 35.8 41.3 296 236 303 279 301 282 299 304 304 307 280 299 280 331 97.5 85.6 108.6 104.3 117.0 122.2 117.9 122.4 124.3 125.4 119.7 133.3 94.6 100.5 183.0 195.2 (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) 17.4 17.4 22.0 21.0 19.1 22.7 21.0 21.7 24.2 21.8 24.3 25.3 17.4 16.2 34.8 33.6 (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) 8.9 8.2 11.2 12.3 14.9 13.2 13.5 13.2 13.0 10.5 13.2 13.3 9.9 10.7 17.0 20.6 127 121 164 170 174 153 158 155 136 114 143 135 141 155 20.4 18.8 26.4 25.1 28.6 30.1 27.4 31.0 32.8 31.3 31.7 34.0 23.2 21.4 39.2 44.6 308 308 384 327 359 338 321 325 335 328 345 363 345 354 57.5 51.9 59.3 55.6 61.7 64.4 63.4 69.1 64.4 68.0 64.0 71.0 53.4 57.6 109.4 111.0 823 739 738 716 761 739 743 758 740 759 750 755 753 814 28.0 24.1 33.7 32.3 31.0 37.1 34.5 30.7 38.3 37.4 35.1 40.3 25.5 27.0 52.2 52.5 396 342 436 422 386 427 397 343 431 407 415 422 354 389 1,308.0 1,090.8 1,157.5 1,192.7 1,346.9 1,312.6 1,412.9 1,400.5 1,474.2 1,636.1 966.0 837.6 963.6 1,039.4 1,160.3 1,065.5 1,128.5 1,116.4 1,159.7 1,307.2 16.5 16.9 15.1 9.5 12.1 14.8 13.6 13.6 16.2 12.0 28.2 19.7 20.8 16.7 19.5 19.8 19.5 23.4 24.4 25.2 297.3 216.6 158.0 127.1 154.9 212.4 251.3 247.1 273.9 291.8 1,060.2 862.1 909.5 943.0 1,086.3 1,065.0 1,163.4 1,152.8 1,228.5 1,378.1 247.7 228.7 248.0 249.8 260.6 247.6 249.4 247.7 245.7 258.0 157.7 120.1 136.4 117.6 123.4 126.9 125.1 134.0 137.3 145.4 263.3 240.4 268.4 273.3 307.1 287.9 304.5 295.9 305.1 337.5 510.7 438.9 462.4 512.0 580.9 581.1 637.1 634.1 671.6 750.4 376.3 291.3 290.3 290.0 335.5 316.7 346.2 336.4 360.2 402.7
1 unit
2 units
3 and 4 units
5 units or more
Inside MSAs1
Outside MSAs1
Northeast
Midwest
South
West
Year to date:
Seasonally Adjusted Annual Rate 1999: January . . . . . . . . . . . . . . February . . . . . . . . . . . . . March . . . . . . . . . . . . . . . April . . . . . . . . . . . . . . . . . May . . . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . September . . . . . . . . . . . . October . . . . . . . . . . . . . . November . . . . . . . . . . . . Decemberr . . . . . . . . . . . . 2000: Januaryr . . . . . . . . . . . . . Februaryp . . . . . . . . . . . . . 37 45 31 24 39 58 26 31 27 28 36 19 32
AVERAGE RELATIVE STANDARD ERRORS2 Annual... . . . . . . . . . . . . (percent). . Monthly.... . . . . . . . . . . . (percent). . Year to date... . . . . . . . . (percent). . 1 3 2 1 3 2 7 25 16 10 31 25 3 9 6 1 3 2 4 9 7 3 9 7 3 9 6 2 4 3 1 4 3
p r NA Not available. Preliminary. Revised. 1 Metropolitan statistical areas. 2 Average Relative Standard Errors (Avg. RSE): Annual--Avg. RSE for the last 2 years; Year to date--Avg. RSE for the current period and the same period last year; Monthly--Avg. RSE for the latest 6-month period (January through June or July through December).
3
U.S. Census Bureau
Table 2. New Privately Owned Housing Units Completed by Location and Type of Structure
[Thousands of units. Detail may not add to total because of rounding]
United States In structures with-5 units or more Inside MSAs1 In structures with-5 units or more Outside MSAs1 In structures with-5 units or more Northeast In structures with-5 units or more Midwest In structures with-5 units or more South In structures with-5 units or more West In structures with-5 units or more
4
U.S. Census Bureau
Period
Total2 ANNUAL DATA 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ 1,502 1,266 1,006 1,390 1,652 1,703 1,756 1,669 1,530 1,423 1,308 1,091 1,158 1,193 1,347 1,313 1,413 1,400 1,474 1,636 293 342 382 394 310 338 363 389 300 362 403 409 348 406 431 450
1 unit
Total2
1 unit
Total2
1 unit
Total2
1 unit
Total2
1 unit
Total2
1 unit
Total2
1 unit
957 819 632 924 1,025 1,072 1,120 1,123 1,085 1,026 966 838 964 1,039 1,160 1,066 1,129 1,116 1,160 1,307 235 270 301 322 251 271 287 307 234 281 315 330 279 326 336 366
426 336 293 374 515 534 550 475 389 338 297 217 158 127 155 212 251 247 274 292 52 66 71 63 51 57 66 73 58 70 78 68 58 72 85 76
1,079 888 708 1,074 1,317 1,422 1,502 1,420 1,286 1,181 1,060 862 910 943 1,086 1,065 1,163 1,153 1,229 1,378 243 285 314 321 255 279 302 316 250 304 338 337 292 343 365 378
633 530 409 674 771 853 918 917 876 823 759 642 752 818 929 848 913 904 951 1,079 192 222 243 257 204 221 235 244 193 233 260 266 230 270 278 301
359 278 241 326 460 491 513 444 365 312 267 194 133 106 135 191 226 221 248 270 47 59 64 57 45 51 59 65 52 63 71 62 53 67 79 71
423 377 297 316 336 281 254 248 244 242 248 229 248 250 261 248 249 248 246 258 50 57 69 74 55 59 61 72 50 58 65 72 57 63 67 71
324 289 223 249 255 220 202 206 208 203 207 196 212 222 232 217 215 212 208 228 44 48 59 65 47 51 52 63 40 49 56 64 49 56 59 64
67 57 52 49 55 43 37 30 24 25 30 22 25 21 20 21 25 26 26 22 5 7 7 6 5 6 7 7 6 7 8 6 5 5 6 5
146 127 120 139 168 214 254 257 250 219 158 120 136 118 123 127 125 134 137 145 24 29 32 40 32 32 35 35 26 33 38 41 28 40 40 37
100 87 79 106 129 168 193 196 188 159 127 100 114 105 113 108 108 115 116 119 21 25 28 34 27 28 30 31 22 27 33 34 24 33 32 30
38 31 35 25 30 33 47 47 50 48 23 14 18 10 7 16 14 14 16 21 3 3 3 5 5 3 (S) (S) 3 4 4 5 3 6 6 5
274 218 143 201 221 230 270 302 280 267 263 240 268 273 307 288 304 296 305 338 56 73 88 87 61 70 81 83 62 78 83 82 66 84 91 97
170 140 92 142 156 151 170 201 191 191 195 185 218 232 255 232 245 236 244 283 45 55 68 76 48 57 63 68 47 61 65 70 54 71 73 84
80 57 38 46 50 65 84 86 76 62 57 45 40 33 42 44 48 47 47 43 9 16 16 8 10 10 15 12 10 13 16 8 8 10 15 10
696 626 539 746 867 812 764 660 595 549 511 439 462 512 581 581 637 634 672 750 136 156 169 177 143 152 163 176 137 170 184 181 169 182 197 203
455 408 340 476 508 514 505 467 457 420 389 348 400 456 507 472 507 506 517 587 108 124 134 141 120 121 128 136 104 128 142 144 132 144 151 160
196 165 156 220 298 254 226 171 121 112 109 81 52 49 64 99 120 118 142 151 26 30 32 32 20 28 32 38 31 39 39 33 32 36 43 40
386 294 203 305 396 447 469 449 405 387 376 291 290 290 336 317 346 336 360 403 77 84 94 91 74 83 84 94 76 81 98 105 86 100 104 113
233 183 121 200 233 239 253 259 248 257 255 205 232 247 285 253 269 259 283 318 61 66 71 71 56 65 66 72 60 65 76 81 69 78 80 91
113 82 64 83 137 182 193 170 142 115 108 76 49 35 42 54 69 68 69 77 15 17 20 17 16 16 16 20 15 14 20 21 14 20 22 20
1990 . . . . . . . . . . . . . . . . 1991 . . . . . . . . . . . . . . . . 1992 . . . . . . . . . . . . . . . . 1993 . . . . . . . . . . . . . . . . 1994 . . . . . . . . . . . . . . . . 1995 . . . . . . . . . . . . . . . . 1996 . . . . . . . . . . . . . . . . 1997 . . . . . . . . . . . . . . . . 1998 . . . . . . . . . . . . . . . . 1999r . . . . . . . . . . . . . . . QUARTERLY DATA 1996: 1st quarter . . . . 2nd quarter . . . 3rd quarter . . . . 4th quarter . . . . 1st quarter . . . . 2nd quarter . . . 3rd quarter . . . . 4th quarter . . . . 1st quarter . . . . 2nd quarter . . . 3rd quarter . . . . 4th quarter . . . . 1st quarter . . . . 2nd quarter . . . 3rd quarter . . . . 4th quarterr . . .
1997:
1998:
1999:
AVERAGE RELATIVE STANDARD ERRORS3 Annual . . . . . .(percent). . Quarterly . . . . (percent). .
r
1 2
1 2
3 6
1 2
1 2
3 6
4 6
4 6
13 25
3 6
2 6
14 14
3 5
3 5
10 18
2 3
2 3
4 9
1 3
1 3
3 7
Revised. S Withheld because estimate did not meet publication standards on the basis of response rate, associated standard error, or a consistency review. Metropolitan statistical areas. Includes units completed in structures with two to four units. 3 Average Relative Standard Errors (Avg. RSE): Annual--Avg. RSE for the last 2 years; Quarterly--Avg. RSE for the latest 2-quarter period (quarter 1 through quarter 2 or quarter 3 through quarter 4).
1 2
Table 3. New Privately Owned Housing Units Under Construction
[Thousands of units. Detail may not add to total because of rounding] In structures with-Period Total
ANNUAL DATA 1990 . . . . . . . . . . . . . . . . . . . . . . . . 1991 . . . . . . . . . . . . . . . . . . . . . . . . 1992 . . . . . . . . . . . . . . . . . . . . . . . . 1993 . . . . . . . . . . . . . . . . . . . . . . . . 1994 . . . . . . . . . . . . . . . . . . . . . . . . 1995 . . . . . . . . . . . . . . . . . . . . . . . . 1996 . . . . . . . . . . . . . . . . . . . . . . . . 1997 . . . . . . . . . . . . . . . . . . . . . . . . 1998 . . . . . . . . . . . . . . . . . . . . . . . . 1999r . . . . . . . . . . . . . . . . . . . . . . . MONTHLY DATA Not Seasonally Adjusted 1999: January . . . . . . . . . . . . . . February . . . . . . . . . . . . . March . . . . . . . . . . . . . . . April . . . . . . . . . . . . . . . . . May . . . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . September . . . . . . . . . . . . October . . . . . . . . . . . . . . November . . . . . . . . . . . . Decemberr . . . . . . . . . . . . 2000: Januaryr . . . . . . . . . . . . . Februaryp . . . . . . . . . . . . . January . . . . . . . . . . . . . . February . . . . . . . . . . . . . March . . . . . . . . . . . . . . . April . . . . . . . . . . . . . . . . . May . . . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . September . . . . . . . . . . . . October . . . . . . . . . . . . . . November . . . . . . . . . . . . Decemberr . . . . . . . . . . . . 2000: Januaryr . . . . . . . . . . . . . . Februaryp . . . . . . . . . . . . . 962.2 971.3 991.4 1,013.1 1,031.5 1,038.1 1,053.6 1,061.5 1,053.2 1,051.6 1,036.7 992.6 984.1 987.6 1,008 1,025 1,029 1,026 1,026 1,013 1,017 1,026 1,021 1,020 1,022 1,025 1,032 1,042 650.7 655.0 673.0 690.6 710.8 722.0 737.4 743.2 735.6 733.9 717.1 679.0 667.1 663.8 693 704 707 704 706 698 702 706 702 706 708 710 712 714 8.1 7.5 7.9 8.5 8.9 9.1 8.6 8.2 8.1 9.0 8.7 8.2 8.5 8.3 28 26 24 24 25 24 23 24 24 23 21 22 22 23 18.7 17.8 15.6 15.3 15.1 14.5 14.1 14.9 15.5 14.8 14.5 13.8 13.8 14.0 284.6 291.1 294.8 298.7 296.7 292.6 293.5 295.2 294.0 293.9 296.3 291.6 294.8 301.5 287 295 298 298 295 291 292 296 295 291 293 293 298 305 790.9 803.0 820.8 839.4 853.6 856.0 869.6 877.6 871.3 870.5 857.3 822.1 817.3 822.1 (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) 171.3 168.3 170.6 173.6 177.9 182.2 184.0 183.9 181.9 181.0 179.4 170.6 166.8 165.6 (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) 96.0 97.9 99.1 99.3 99.2 102.0 105.6 108.8 108.1 109.8 109.6 107.3 105.5 105.1 100 103 103 102 101 101 102 105 105 106 106 109 109 111 194.5 191.9 194.6 203.1 209.3 216.1 220.3 221.7 221.8 227.9 226.6 215.7 207.3 208.2 205 207 208 211 211 211 212 213 213 214 218 219 220 225 427.9 437.9 452.9 461.6 466.7 466.3 469.7 467.7 465.3 462.4 453.5 437.1 438.8 439.3 448 458 464 461 459 454 454 455 455 455 453 454 459 458 243.7 243.7 244.9 249.2 256.4 253.8 258.0 263.4 258.0 251.4 247.0 232.6 232.5 235.0 255 257 254 252 255 247 249 253 248 245 245 243 244 248 711.4 606.3 612.4 680.1 762.2 775.9 792.3 846.7 970.8 992.6 449.1 433.5 472.7 543.0 557.8 547.2 550.0 554.6 659.1 679.0 10.9 9.1 5.6 6.5 9.1 8.4 9.0 11.2 8.3 8.2 15.1 14.5 11.3 12.4 12.9 12.7 19.1 20.7 20.5 13.8 236.3 149.2 122.8 118.2 182.5 207.7 214.3 260.2 282.9 291.6 553.9 458.4 453.1 521.0 597.6 620.1 629.9 683.5 794.8 822.1 157.5 147.9 159.4 159.1 164.5 155.8 162.4 163.2 176.0 170.6 121.6 103.9 81.4 89.3 96.3 86.3 85.2 87.1 98.5 107.3 133.4 122.4 137.8 154.4 173.5 172.0 178.0 181.9 201.2 215.7 242.3 208.5 228.4 265.4 312.1 331.4 337.6 364.8 428.5 437.1 214.1 171.6 164.8 170.9 180.3 186.3 191.4 213.0 242.6 232.6
1 unit
2 units
3 and 4 units
5 units or more
Inside MSAs1
Outside MSAs1
Northeast
Midwest
South
West
Seasonally Adjusted 1999:
AVERAGE RELATIVE STANDARD ERRORS2 End of period... . . . . . . . (percent). .
p r
1
2
9
12
3
1
5
4
4
2
2
NA Not available. Preliminary. Revised. 1 Metropolitan statistical areas. 2 Average Relative Standard Errors: Average for the latest 6-month period (January through June or July through December).
5
U.S. Census Bureau
Table 4. New Privately Owned Housing Units Under Construction, by Location and Type of Structure
[Thousands of units. Detail may not add to total because of rounding]
United States In structures with-5 units or more Inside MSAs1 In structures with-5 units or more Outside MSAs1 In structures with-5 units or more Northeast In structures with-5 units or more Midwest In structures with-5 units or more South In structures with-5 units or more West In structures with-5 units or more
6
U.S. Census Bureau
Period
Total2 QUARTERLY DATA 1991: 1st quarter . . . . 2nd quarter . . . 3rd quarter . . . . 4th quarter . . . . 1st quarter . . . . 2nd quarter . . . 3rd quarter . . . . 4th quarter . . . . 1st quarter . . . . 2nd quarter . . . 3rd quarter . . . . 4th quarter . . . . 1st quarter . . . . 2nd quarter . . . 3rd quarter . . . . 4th quarter . . . . 1st quarter . . . . 2nd quarter . . . 3rd quarter . . . . 4th quarter . . . . 1st quarter . . . . 2nd quarter . . . 3rd quarter . . . . 4th quarter . . . . 1st quarter . . . . 2nd quarter . . . 3rd quarter . . . . 4th quarter . . . . 1st quarter . . . . 2nd quarter . . . 3rd quarter . . . . 4th quarter . . . . 644.8 675.1 657.1 606.3 622.9 667.6 664.0 612.4 600.9 675.3 707.6 680.1 695.6 776.8 806.0 762.2 732.3 775.7 813.4 775.9 772.8 845.1 858.9 792.3 772.9 845.0 877.0 846.7 867.6 948.7 984.7 970.8
1 unit
Total2
1 unit
Total2
1 unit
Total2
1 unit
Total2
1 unit
Total2
1 unit
Total2
1 unit
412.6 465.3 476.7 433.5 451.8 504.8 511.5 472.7 471.1 542.5 572.4 543.0 551.1 608.9 621.2 557.8 520.5 551.4 584.7 547.2 544.0 610.5 624.5 550.0 530.7 579.7 605.2 554.6 578.6 656.4 686.8 659.1 673.0 722.0 735.6 679.0
207.8 185.0 157.3 149.2 148.7 140.5 132.2 122.8 111.7 112.7 114.4 118.2 126.8 150.5 164.7 182.5 190.9 202.4 206.8 207.7 209.9 208.0 209.1 214.3 216.0 239.3 245.5 260.2 258.4 260.0 266.7 282.9 294.8 292.6 294.0 291.6
497.4 518.4 502.6 458.4 471.6 501.9 491.6 453.1 451.6 513.1 538.5 521.0 542.5 605.0 625.5 597.6 584.5 617.6 645.3 620.1 620.5 672.9 680.0 629.9 625.5 680.0 703.0 683.5 710.2 770.0 798.0 794.8 820.8 856.0 871.3 822.1
293.8 336.5 347.7 314.3 330.2 366.7 364.5 336.8 344.0 401.8 423.7 404.7 418.6 459.4 464.3 417.9 396.7 417.2 441.8 417.0 417.2 465.2 473.2 417.2 411.5 446.0 461.8 426.5 452.7 507.7 528.0 510.8 528.0 565.2 579.0 533.2
185.6 163.9 138.3 127.1 125.5 119.2 112.3 104.2 94.7 96.9 100.0 102.9 111.5 132.8 146.7 163.9 172.5 184.3 187.3 187.4 189.2 188.1 188.3 191.6 194.2 214.6 221.5 235.1 234.5 237.5 245.5 261.2 274.0 272.2 274.1 271.9
147.5 156.6 154.5 147.9 151.3 165.7 172.5 159.4 149.3 162.2 169.1 159.1 153.0 171.7 180.5 164.5 147.8 158.0 168.1 155.8 152.3 172.2 178.9 162.4 147.4 165.0 174.0 163.2 157.5 178.7 186.7 176.0 170.6 182.2 181.9 170.6
118.8 128.7 129.0 119.2 121.6 138.1 147.0 135.8 127.1 140.7 148.7 138.3 132.5 149.4 156.8 139.9 123.7 134.2 143.0 130.2 126.8 145.3 151.3 132.9 119.2 133.8 143.3 128.1 125.8 148.7 158.8 148.4 145.0 156.8 156.5 145.8
22.3 21.1 19.0 22.1 23.2 21.3 19.9 18.7 17.0 15.8 14.4 15.3 15.3 17.7 17.9 18.5 18.4 18.2 19.5 20.3 20.7 19.8 20.9 22.7 21.8 24.7 24.0 25.1 23.9 22.5 21.2 21.7 20.8 20.4 19.9 19.7
105.1 112.2 110.3 103.9 96.8 95.4 91.7 81.4 76.9 86.0 94.3 89.3 84.9 96.8 96.6 96.3 88.7 94.7 94.4 86.3 82.6 90.4 93.7 85.2 77.8 82.2 86.7 87.1 89.7 96.8 100.1 98.5 99.1 102.0 108.1 107.3
68.1 77.0 78.4 72.6 66.6 72.0 70.2 62.7 58.9 68.1 76.1 72.5 65.9 77.5 77.8 77.0 69.9 73.2 76.4 70.1 66.8 74.2 76.7 68.1 60.2 63.1 65.7 63.1 63.7 71.3 73.2 70.2 71.2 76.0 79.7 80.7
33.3 31.6 28.9 28.4 27.2 20.7 19.1 16.8 16.0 16.0 16.2 14.8 17.0 17.4 16.7 17.2 16.7 19.4 16.1 14.3 13.8 13.5 14.3 14.0 14.6 16.2 18.0 20.7 22.6 21.8 23.1 24.8 24.7 22.7 25.1 23.4
119.9 136.1 135.1 122.4 127.3 150.1 155.5 137.8 130.4 153.0 161.9 154.4 148.5 176.3 185.0 173.5 155.3 162.0 172.8 172.0 164.5 183.6 193.4 178.0 164.9 185.5 190.9 181.9 174.9 191.0 197.9 201.2 194.6 216.1 221.8 215.7
77.6 97.3 102.5 90.5 95.2 113.5 116.9 104.2 101.9 120.2 129.6 119.0 116.1 139.4 144.0 128.1 111.4 121.4 131.4 125.0 121.0 141.5 150.3 128.7 119.5 134.9 143.9 126.9 124.8 145.4 155.4 152.3 149.7 166.5 172.7 161.4
35.2 31.4 25.2 25.1 25.6 29.9 32.5 28.4 22.9 26.4 25.6 29.2 27.1 31.5 34.5 38.2 37.6 33.8 34.2 40.2 37.3 32.9 34.1 39.4 36.2 41.6 37.9 42.0 40.0 35.4 32.8 39.6 37.3 42.1 41.1 46.8
229.8 231.2 222.5 208.5 226.0 242.6 239.1 228.4 234.8 265.7 271.1 265.4 286.5 316.9 330.3 312.1 310.6 327.2 343.1 331.4 335.7 363.2 364.4 337.6 336.6 367.1 380.4 364.8 383.4 412.4 427.1 428.5 452.9 466.3 465.3 437.1
153.0 165.8 172.4 158.3 173.7 193.4 196.0 186.1 192.6 223.8 228.0 219.1 231.5 245.9 250.6 223.4 216.3 226.3 237.9 226.7 231.4 257.9 259.2 230.3 223.4 242.4 248.7 226.4 245.4 275.5 286.1 278.8 293.6 307.7 307.2 284.0
70.5 58.8 44.2 42.7 45.4 42.4 37.6 38.0 37.5 36.5 37.1 40.9 49.4 65.7 74.0 82.8 87.9 94.3 98.8 98.5 98.5 97.6 98.2 99.5 105.9 116.9 123.7 129.4 127.7 126.0 130.1 140.2 151.8 150.9 150.5 146.1
190.1 195.5 189.3 171.6 172.8 179.5 177.8 164.8 158.8 170.6 180.3 170.9 175.6 186.7 194.1 180.3 177.7 191.7 203.0 186.3 190.0 208.0 207.5 191.4 193.6 210.1 219.0 213.0 219.7 248.3 259.7 242.6 244.9 253.8 258.0 232.6
114.0 125.2 123.4 112.1 116.4 125.9 128.5 119.7 117.7 130.5 138.7 132.4 137.7 146.0 148.7 129.2 122.9 130.5 139.0 125.3 124.8 136.9 138.3 122.9 127.6 139.3 146.9 138.2 144.7 164.2 172.2 157.9 158.6 171.7 176.0 152.9
68.9 63.1 59.0 53.0 50.4 47.4 43.0 39.6 35.4 33.9 35.5 33.3 33.3 36.0 39.4 44.3 48.7 54.9 57.7 54.8 60.2 64.1 62.5 61.3 59.3 64.6 65.8 68.0 68.1 76.8 80.6 78.3 81.0 76.9 77.2 75.3
1992:
1993:
1994:
1995:
1996:
1997:
1998:
1999:
1st quarter . . . . 991.4 2nd quarter . . . 1,038.1 3rd quarter . . . . 1,053.2 4th quarterr . . . 992.6
AVERAGE RELATIVE STANDARD ERRORS3 End of period. (percent). .
r
1
2
3
1
1
3
5
6
11
3
3
11
4
5
8
2
2
4
2
3
2
Revised. Metropolitan statistical areas. 2 Includes units under construction in structures with two to four units. 3 Average Relative Standard Errors: Average for the latest 2-quarter period (quarter 1 through quarter 2 or quarter 3 through quarter 4).
1
Table 5. Seasonal Indexes Used to Adjust Housing Units Completed
In structures with-Period United States implicit index1 1 unit Northeast Midwest South West 2 to 4 units 5 units or more Northeast Midwest South West All units
1999 November . . . . . . . . . . . . . . . . . . . . Decemberr . . . . . . . . . . . . . . . . . . . 2000 Januaryr . . . . . . . . . . . . . . . . . . . . . Februaryp . . . . . . . . . . . . . . . . . . . .
p
104.5 113.7 84.4 81.8
111.8 117.7 87.2 82.3
116.3 115.4 81.9 71.9
103.7 114.6 84.6 86.4
102.6 113.6 87.1 83.8
102.0 107.1 80.0 84.6
93.3 109.6 82.4 80.0
110.4 118.0 84.4 83.7
109.7 112.6 80.2 73.8
102.0 113.0 85.0 85.9
101.2 115.2 86.1 84.4
Preliminary.
r
Revised.
The implicit seasonal index is the ratio of the unadjusted number of housing units completed in the United States to the seasonally adjusted national total of housing units completed. It provides an indication of the overall seasonality for the particular month. Note: These seasonal indexes include trading-day adjustment factors.
1
Table 6. Seasonal Indexes Used to Adjust Housing Units Under Construction
In structures with-Period United States implicit index1 1 unit Northeast Midwest South West 2 to 4 units 5 units or more Northeast Midwest South West All units
1999 November . . . . . . . . . . . . . . . . . . . . Decemberr . . . . . . . . . . . . . . . . . . . 2000 Januaryr . . . . . . . . . . . . . . . . . . . . . Februaryp . . . . . . . . . . . . . . . . . . . .
p
101.4 96.8 95.4 94.8
103.0 99.0 95.1 92.3
103.3 96.9 92.6 90.8
100.1 94.9 94.0 94.4
100.4 94.6 93.3 92.7
104.9 101.2 99.0 97.1
101.3 99.4 98.8 98.8
103.2 98.8 96.1 95.2
103.9 98.7 94.3 92.5
100.0 96.2 95.9 96.0
100.6 95.8 95.3 94.9
Preliminary.
r
Revised.
The implicit seasonal index is the ratio of the unadjusted number of housing units under construction in the United States to the seasonally adjusted national total of housing units under construction. It provides an indication of the overall seasonality for the particular month. Note: These seasonal indexes include trading-day adjustment factors.
1
7
U.S. Census Bureau