Privately-owned housing starts in December increased by 1.4% to 1,702,000 and were 2.5% above the prior year.
- Single-family housing starts in December dropped by 2.3% to 1,172,000 compared to the revised figures in November of 1,199,000. The December rate for units in builds in buildings with five units or more was 524,000.
- Privately-owned housing units authorized by building permits in December rose by 9.1% to an annual rate of 1,873,000 from 1,717,000 in November. The figure was 6.5% higher than the same period from a year earlier.
- Single-family authorizations in December increased by 2.0% from November to a rate of 1,128,000. Authorizations of units in buildings with five units or more stood at a rate of 675,000 in December.
Privately-owned housing completions in December stood at an annual rate of 1,295,000. This figure is 8.7% below the November estimate of 1,418,000. Nearly 1,337,800 housing units were completed in 2021.
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Source: US Department of Commerce
