Starts Slip, Permits Jump in January

Year-over-year housing starts are up 21.4%.

Privately‐owned housing starts in January were at a seasonally adjusted annual rate of 1,567,000, 3.6% below the revised December estimate of 1,626,000, but 21.4% above the January 2019 rate of 1,291,000, the Commerce Department reported Wednesday. Single‐family housing starts in January were at a rate of 1,010,000, 5.9% below the revised December figure of 1,073,000. The January rate for units in buildings with five units or more was 547,000.