National new home building permits, starts and completion metrics; January 2021

Building Permits


Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,881,000. This is 10.4 percent (±1.2 percent) above the revised December rate of 1,704,000 and is 22.5 percent (±1.8 percent) above the January 2020 rate of 1,536,000. Single-family authorizations in January were at a rate of 1,269,000; this is 3.8 percent (±0.9 percent) above the revised December figure of 1,223,000. Authorizations of
units in buildings with five units or more were at a rate of 557,000 in January.

Housing Starts

Privately-owned housing starts in January were at a seasonally adjusted annual rate of 1,580,000. This is 6.0 percent (±16.4 percent)* below the revised December estimate of 1,680,000 and is 2.3 percent (±13.9 percent)* below the January 2020 rate of 1,617,000. Single-family housing starts in January were at a rate of 1,162,000; this is 12.2 percent (±11.3 percent) below the revised December figure of 1,323,000. The January rate for units in buildings with
five units or more was 402,000.


Housing Completions


Privately-owned housing completions in January were at a seasonally adjusted annual rate of 1,336,000. This is 2.3 percent (±6.6 percent)* below the revised December estimate of 1,368,000, but is 2.4 percent (±11.0 percent)* above the January 2020 rate of 1,305,000. Single-family housing completions in January were at a rate of 1,036,000; this is 10.0 percent (±8.5 percent) above the revised December rate of 942,000. The January rate for units in buildings with five units or more was 296,000.

About TARR Report

S.M.A. Publications was formed in 1997 with a mission of providing real estate information for practitioners within the Research Triangle Park area of North Carolina. The company produces the T.A.R.R. Reports which are published monthly, quarterly and annually, covering all aspects of the residential real estate market. The publisher, Stacey P. Anfindsen, has over 23 years of residential experience in the Triangle market. He is an active real estate appraiser, educator and consultant.
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