Building Permits
Privately-owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,456,000. This is 1.2 percent below the revised January rate of 1,473,000 and is 6.8 percent below the February 2024 rate of 1,563,000. Single-family authorizations in February were at a rate of 992,000; this is 0.2 percent below the revised January figure of 994,000. Authorizations of units in buildings with five units or more were at a rate of 404,000 in February.

Housing Starts
Privately-owned housing starts in February were at a seasonally adjusted annual rate of 1,501,000. This is 11.2 percent (±15.7 percent)* above the revised January estimate of 1,350,000, but is 2.9 percent (±13.0 percent)* below the February 2024 rate of 1,546,000. Single-family housing starts in February were at a rate of 1,108,000; this is 11.4 percent (±19.7 percent)* above the revised January figure of 995,000. The February rate for units in buildings with five units or more was 370,000.

Housing Completions
Privately-owned housing completions in February were at a seasonally adjusted annual rate of 1,592,000. This is 4.0 percent (±15.9 percent)* below the revised January estimate of 1,659,000 and is 6.2 percent (±15.5 percent)* below the February 2024 rate of 1,698,000. Single-family housing completions in February were at a rate of 1,066,000; this is 7.1 percent (±13.3 percent)* above the revised January rate of 995,000. The February rate for units in buildings with five units or more was 512,000.