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“Privately”owned housing starts in January were at a seasonally adjusted annual rate of 1,230,000,” the U.S. Census  Bureau and the U.S. Department of Housing and Urban Development jointly announced on Friday.  

Key takeaways from the press release

  • This is 18.6 percent above the revised December estimate of 1,037,000, but is 7.8 percent below the January 2018 rate of 1,334,000.  
  • Privately”owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,345,000.  
    • This is 1.4 percent above the revised December rate of 1,326,000, but is 1.5 percent below the January 2018 rate of 1,366,000.