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HOUSING STARTS AND BUILDING PERMITS IN MARCH 2000
                                                       
            
HOUSING STARTS AND BUILDING PERMITS IN MARCH 2000
PRIVATELY OWNED HOUSING STARTS
Privately owned housing starts in March were at a seasonally adjusted annual
rate of 1,604,000, according to estimates reported today by the U.S.
Commerce Department's Bureau of the Census.  This is 11 (+/-6) percent below the
revised February rate of 1,807,000 and 8 (+/-7) percent below the March
1999 rate of 1,737,000.
Single-family housing starts in March 2000 were at a rate of 1,309,000; this
is virtually unchanged (+/-6 percent) from the February figure of 1,307,000. 
The March rate for units in buildings with five units or more was 272,000;
this is 41 percent below the February estimate of 460,000.  The March rate
for units in buildings with two to four units was 23,000.
During the first 3 months of this year, 361,000 housing units were started
compared with 369,500 units for the same period in 1999. This is a decrease
of 2 (+/-4) percent.
BUILDING PERMITS
The seasonally adjusted annual rate of housing units authorized by building
permits in March was 1,579,000.  This is 4 (+/-1) percent below the revised
February rate of 1,653,000 and 5 (+/-1) percent below the March 1999 estimate of
1,654,000.
Single-family authorizations in March 2000 were at a rate of 1,220,000; this
is virtually unchanged (+/-1 percent) from  the February figure of 1,223,000. 
Authorizations of units in buildings with five units or more were at a rate of
296,000 in March; this  is 18 percent below the February estimate of 362,000. 
The March rate of permit-authorized units in buildings with two to four units
was 63,000.
During the first 3 months of this year, 363,200 housing units were authorized
compared with  373,700 units for the same period in 1999. This is a decrease
of 3 (+/-1) percent.
The next press release is scheduled to be issued on Tuesday, May 16, 2000, at
8:30 A.M. EDT.
                                   
EXPLANATORY NOTES
In interpreting changes in the statistics in this release, note that month-to-
month changes in seasonally adjusted statistics often show movements which
may be irregular.  It may take 5 months to establish an underlying trend for
total starts and 3 months for building permit authorizations.
               
The statistics in this release are estimated from sample surveys and are
subject to sampling variability as well as nonsampling error including bias and
variance from response, nonreporting, and undercoverage.  Estimated average
relative standard errors of preliminary data are shown in the tables. 
Whenever a statement such as "2 (+/-3) percent above" appears in the text, this
indicates the range (-1 to +5 percent) in which the actual percent change
is likely to have occurred.  All ranges given for percent changes are 90-
percent confidence intervals and account only for sampling variability.  If a
range contains zero, it is uncertain whether there was an increase or decrease; that
is, the change is not statistically significant.  For any comparison cited
without a confidence interval, the change is statistically significant.  The January
2000 Current Construction Reports, C20/2000-1, includes explanations of
confidence intervals and sampling variability.  On average, the preliminary
seasonally adjusted estimates of total housing starts and building permits are
revised about +/-1 percent.
Table 1.  New Privately Owned Housing Units Started
(Thousands of units.  Detail may not add to total because of rounding.)
                                  In structures with --
 Period                    Total                                 North-  Midwest  South  West
                                                 3 and 4 5 units   east
                                  1 unit 2 units   units or more
 1a.  Seasonally adjusted annual rate
  1999 - March              1737    1377      33             327     159     378    810   390
         April              1561    1248      31             282     135     337    684   405
         May                1649    1368      26             255     152     352    734   411
         June               1562    1269      29             264     158     355    697   352
         July               1704    1348      40             316     171     320    768   445
         August             1657    1285      31             341     171     337    762   387
         September          1628    1290      38             300     135     365    740   388
         October            1636    1343      26             267     129     371    764   372
         November           1663    1344      25             294     150     389    709   415
         December           1769    1441      30             298     159     407    807   396
  2000 - January (r)        1744    1361      32             351     153     381    821   389
         February (r)       1807    1307      40             460     194     470    746   397
         March (p)          1604    1309      23             272     159     320    746   379
Average RSE (%)                3       3       9               9       7       6      4     4
 1b.  Not seasonally adjusted
 1998                     1616.9  1271.4    15.7    26.9   302.9   148.5   330.5  743.0 394.9
 1999                     1666.5  1334.9    13.4    18.5   299.7   153.7   356.4  760.3 396.1
Average RSE (%)                1       1       7      11       3       3       2      1     1
     1999 First 3 months   369.5   294.1     2.8     4.2    68.4    29.6    59.2  192.5  88.2
     2000 First 3 months   361.0   283.0     3.2     2.9    72.0    30.5    63.6  179.0  88.0
Average RSE (%)                2       1       8      18       8      13       4      2     2
  1999 - March             149.3   122.9     1.4     1.4    23.6    12.1    29.2   73.1  34.9
         April             146.5   118.8     1.8     1.2    24.8    12.1    32.6   64.9  36.9
         May               155.6   130.4     1.1     1.1    23.0    14.7    35.7   66.9  38.3
         June              152.4   127.9     1.2     1.8    21.5    16.0    38.1   63.9  34.4
         July              155.2   123.4     1.2     2.6    28.0    17.3    31.3   66.6  39.9
         August            155.0   119.7     1.2     1.6    32.5    16.5    33.5   68.0  37.0
         September         143.3   112.5     0.9     2.6    27.4    12.3    34.5   62.8  33.7
         October           145.4   115.8     1.4     1.1    27.0    12.3    37.5   64.9  30.7
         November          127.9   102.1     0.9     1.2    23.7    12.5    30.0   54.5  30.9
         December          115.7    90.2     0.9     1.2    23.4    10.6    23.8   55.1  26.1
  2000 - January (r)       105.2    80.5     1.0     0.7    23.0     8.1    15.9   55.4  25.8
         February (r)      121.6    89.5     1.0     1.5    29.6    10.2    23.0   58.2  30.2
         March (p)         134.2   112.9     1.3     0.6    19.3    12.1    24.6   65.3  32.1
Average RSE (%)                3       3      11      13       9       7       6      4     4
    (p) Preliminary.    (r) Revised.    (X) Not applicable.
    (Z) Less than 50 units or less than 0.5 percent.
    Average relative standard error (Avg. RSE):   Annual -- Avg. RSE for the last 2 years;
        Year to Date -- Avg. RSE for the current period and the same period last year;
        Monthly -- Avg. RSE for the latest 6 month period (January-June or July-December).
Table 2.  Privately Owned Housing Units Authorized by Building Permits
(Thousands of units.  Detail may not add to total because of rounding.)
                               In structures with --
   Period                 Total                                 North-  Midwest   South    West
                                                3 and 4 5 units   east
                                 1 unit 2 units   units or more
 2a.  Seasonally adjusted annual rate (19,000 permit-issuing places)
  1999 - March             1654    1242      69             343     163     356     744     391
         April             1572    1214      67             291     162     338     692     380
         May               1591    1243      59             289     155     338     692     406
         June              1641    1241      64             336     167     330     736     408
         July              1641    1247      63             331     157     323     761     400
         August            1619    1210      66             343     157     333     746     383
         September         1506    1171      63             272     147     333     664     362
         October           1594    1178      62             354     142     328     751     373
         November          1612    1200      68             344     161     352     720     379
         December          1622    1228      70             324     166     327     732     397
  2000 - January           1772    1318      65             389     191     379     759     443
         February (r)      1653    1223      68             362     159     354     729     411
         March (p)         1579    1220      63             296     164     359     663     393
Average RSE (%)          (Z)          1       4               1       1       1       1       1
 2b.  Not seasonally adjusted (19,000 permit-issuing places)
    1998                 1612.3  1187.6    33.2    36.0   355.5   159.4   327.2   724.5   401.2
    1999                 1640.2  1231.8    32.0    34.4   342.0   161.5   337.0   745.5   396.2
Average RSE (%)          (Z)     (Z)          2       3  (Z)          1       1  (Z)          1
     1999 First 3 months  373.7   279.3     7.3     7.7    79.4    32.7    63.3   186.5    91.2
     2000 First 3 months  363.2   276.4     7.0     6.8    73.1    33.5    68.1   168.9    92.7
Average RSE (%)          (Z)     (Z)          2       4  (Z)          2       1       1       1
  1999 - March            152.1   117.7     2.9     3.1    28.4    14.0    31.5    69.8    36.7
         April            149.1   118.3     2.9     3.3    24.6    15.1    33.7    65.8    34.6
         May              141.7   114.1     2.7     2.3    22.6    14.2    32.8    59.3    35.3
         June             165.6   125.7     3.4     3.2    33.2    18.0    33.6    71.0    43.0
         July             145.5   112.4     2.5     2.7    27.8    14.6    29.5    65.5    35.9
         August           147.4   110.3     2.6     3.3    31.2    14.9    32.2    66.7    33.6
         September        133.0   100.9     3.1     2.6    26.4    12.9    31.0    56.7    32.4
         October          133.1    95.4     2.7     3.0    32.0    12.3    30.0    60.6    30.2
         November         121.1    88.2     2.5     3.1    27.3    13.1    28.0    53.1    27.0
         December         117.1    82.8     2.3     2.9    29.1    11.8    21.0    54.5    29.8
  2000 - January          104.8    76.7     1.8     1.8    24.6    10.5    16.4    50.4    27.6
         February (r)     115.1    85.9     2.5     2.2    24.5     9.1    20.4    56.5    29.1
         March (p)        143.9   114.1     2.8     2.8    24.3    13.8    31.4    62.7    36.0
Average RSE (%)          (Z)          1       3       4       1       1       1       1       1
 2c.  Not started at end of period - not seasonally adjusted (19,000 permit-issuing places)
   1999 -March            141.5    84.0     3.2            54.4    17.5    22.6    72.4    29.0
   2000 -January (r)      137.3    79.3     3.0            55.0    17.3    16.3    75.8    27.9
         February (r)     133.0    81.3     3.0            48.7    15.6    14.0    76.5    27.0
         March (p)        147.7    91.1     4.0            52.5    16.5    21.7    78.2    31.4
Average RSE (%)               3       4       8               5      13       8       4       6


    (p) Preliminary.    (r) Revised.    (X) Not applicable.
    (Z) Less than 50 units or less than 0.5 percent.
    Average relative standard error (Avg. RSE):   Annual -- Avg. RSE for the last 2 years;
        Year to Date -- Avg. RSE for the current period and the same period last year;
        Monthly -- Avg. RSE for the latest 6 month period (January-June or July-December).





                                                                      

 

 

 
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Last modified: March 17, 2001

Published By Tulips and Bears LLC