New Housing Permits, Starts, & Completions February 2020

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CDRE #01044712

On March 18, 2020, the U.S. Department of Housing and Urban Development and the U.S. Census Bureau reported nationwide housing building permits declined 5.5% to 1,464,000 units in February of 2020 from 1,550,000 units in January of 2020, but rose 13.8% from 1,287,000 in February of 2019. Single family building permits up 1.7% to a rate of 1,005,000 units in February of 2020, from 987,000 units in January of 2020, and there were 415,000 multifamily building permits issued in February of 2020.

Nationwide housing starts down 1.5% to 1,599,000 units in February of 2020, from 1,624,000 units in January of 2020 but jumped 39.2% from 1,149,000 units in February of 2019. Single family starts higher 6.7% to a rate of 1,072,000 units in February of 2020 from 1,005,000 in January of 2020, and there were 508,000 multifamily building starts in February of 2020.

Nationwide housing completions lower 0.2% to 1,316,000 units in February of 2020 from 1,319,000 units in January of 2020, and decreased 1.2% from 1,332,000 units in February of 2019. Single family completions increased 14.4% to a rate of 1,027,000 units in February of 2020, from 900,000 units in January of 2020, and there were 280,000 multifamily completions in February of 2020

For complete more detailed information about U.S. Department of HUD and the U.S. Census Bureau on new housing permit, housing starts, housing compilations request in February of 2020, please click HERE

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John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

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Rainer
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Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update John, all the best to you as you get many of these properties listed and sold.

Sally

 

Mar 19, 2020 03:22 AM #1
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

You are welcome Sally Crane glad you find the report very helpful. All the best to you list and sell many properties in your area too. Thanks for the comment.

Mar 19, 2020 03:43 PM #2
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Rainmaker
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John Pusa

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