The U.S. government is reporting that privately‐owned housing starts in January were at a seasonally adjusted annual rate of 1,580,000, which is 6% below December’s revised number. January’s rate for units in buildings with five units or more was 402k. Privately‐owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,881,000, which was 10.4% higher than December’s revised number. Authorizations of units in buildings with five units or more were at a rate of 557k in January.
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