National new home permits and starts; March 2021

Building Permits
Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,766,000. This is 2.7 percent (±1.7 percent) above the revised February rate of 1,720,000 and is 30.2 percent (±1.8 percent) above the March 2020 rate of 1,356,000. Single-family authorizations in March were at a rate of 1,199,000; this is 4.6 percent (±1.9 percent) above the revised February figure of 1,146,000.

Authorizations of units in buildings with five units or more were at a rate of 508,000 in March.

Housing Starts
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 1,739,000. This is 19.4 percent (±13.7 percent) above the revised February estimate of 1,457,000 and is 37.0 percent (±15.2 percent) above the March 2020 rate of 1,269,000. Single-family housing starts in March were at a rate of 1,238,000; this is 15.3 percent (±17.4 percent)* above the revised February figure of 1,074,000. The March rate for units in buildings with five units or more was 477,000.


Housing Completions
Privately-owned housing completions in March were at a seasonally adjusted annual rate of 1,580,000. This is 16.6 percent (±14.0 percent) above the revised February estimate of 1,355,000 and is 23.4 percent (±13.7 percent) above the March 2020 rate of 1,280,000. Single-family housing completions in March were at a rate of 1,099,000; this is 5.3 percent (±11.7 percent)* above the revised February rate of 1,044,000. The March rate for units in buildings with five units or more was 476,000.

Source: U.S. Census Bureau, HUD, April 16, 2021
Data Inquiries Media Inquiries
Economic Indicators Division, Residential Construction Branch Public Information Office
301-763-5160 301-763-3030
eid.rcb.customer.service@census.gov pio@census.gov
The April report is scheduled for release on May 18, 2021.

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.
This entry was posted in In the News. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s