single-family authorizations

U.S. Residential Construction Market, in JANUARY 2023

Feb 26, 2023Juliya RostovaHousing Market, Real Estatebuilding permits, confidence intervals, housing completions, Housing starts, new residential construction statistics, non-probability sample, privately-owned housing units, relative standard errors, sampling error, seasonally adjusted, single-family authorizations, statistically significant, U.S. Census Bureau, U.S. Department of Housing and Urban Development, units in buildings with five units or more

U.S. Residential Construction Market, despite economic uncertainties is robust. The January 2023 statistics for new residential construction in the US indicate a mixed picture. While building permits for privately-owned housing units increased slightly from December 2022, they were still 27.3% lower than the rate for January 2022. Similarly, housing starts in January 2023 were down…