National residential new home metrics; December, 2021

MONTHLY NEW RESIDENTIAL CONSTRUCTION, DECEMBER 2021
Release Number: CB22‐11
January 19, 2022 ‐ The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for December 2021;

Building Permits
Privately‐owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,873,000.
This is 9.1 percent (±1.1 percent) above the revised November rate of 1,717,000 and is 6.5 percent (±1.7 percent) above the December 2020 rate of 1,758,000. Single‐family authorizations in December were at a rate of 1,128,000; this is 2.0 percent (±1.3 percent) above the revised November figure of 1,106,000. Authorizations of units in buildings with five units or more were at a rate of 675,000 in December.
An estimated 1,724,700 housing units were authorized by building permits in 2021. This is 17.2 percent (±0.6 percent) above the 2020 figure of 1,471,100.

Housing Starts
Privately‐owned housing starts in December were at a seasonally adjusted annual rate of 1,702,000. This is 1.4 percent (±10.1percent)* above the revised November estimate of 1,678,000 and is 2.5 percent (±13.8 percent)* above the December 2020 rate of 1,661,000. Single‐family housing starts in December were at a rate of 1,172,000; this is 2.3 percent (±9.8 percent)* below the revised November figure of 1,199,000. The December rate for units in buildings with five units or more was 524,000.

An estimated 1,595,100 housing units were started in 2021. This is 15.6 percent (±4.0 percent) above the 2020 figure of 1,379,600.

Housing Completions
Privately‐owned housing completions in December were at a seasonally adjusted annual rate of 1,295,000. This is 8.7 percent (±14.5percent)* below the revised November estimate of 1,418,000 and is 6.6 percent (±10.4 percent)* below the December 2020 rate of 1,386,000. Single‐family housing completions in December were at a rate of 990,000; this is 3.9 percent (±13.3 percent)* above the revised November rate of 953,000. The December rate for units in buildings with five units or more was 299,000. An estimated 1,337,800 housing units were completed in 2021. This is 4.0 percent (±3.2 percent)* above the 2020 figure of 1,286,900.


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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