[Economic Report of the President (1997)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]

[DOCID: f:erp_b54._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 105-002
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]



Table B-54.--New housing units started and authorized, 1959-96
[Thousands of units]
--------------------------------------------------------------------------------------------------------------------------------------------------------
New housing units started                         New private housing units
-----------------------------------------------------------              authorized\2\
Private and          Private (farm and nonfarm)\1\    ---------------------------------------
public\1\      --------------------------------------                 Type of structure
Year or month                     ---------------------                Type of structure                ----------------------------
----------------------------
Total                Total                      5 units    Total                2 to 4  5 units
(farm and   Nonfarm             1 unit    2 to 4     or                 1 unit    units      or
nonfarm)                                 units     more                                    more
--------------------------------------------------------------------------------------------------------------------------------------------------------
1959.................................................    1,553.7   1,531.3   1,517.0   1,234.0
(1)282.9                                                 1,208.3     938.3      77.1     192.9

1960.................................................    1,296.1   1,274.0   1,252.2     994.7
(1)257.5                                                   998.0     746.1      64.6     187.4
1961.................................................    1,365.0   1,336.8   1,313.0     974.3
(1)338.7                                                 1,064.2     722.8      67.6     273.8
1962.................................................    1,492.5   1,468.7   1,462.9     991.4
(1)471.5                                                 1,186.6     716.2      87.1     383.3
1963.................................................    1,634.9   1,614.8   1,603.2   1,012.4
(1)590.7                                                 1,334.7     750.2     118.9     465.6
1964.................................................    1,561.0   1,534.0   1,528.8     970.5    108.4    450.0    1,285.8      720.1    100.8    464.9

1965.................................................    1,509.7   1,487.5   1,472.8     963.7     86.6    422.5    1,239.8      709.9     84.8    445.1
1966.................................................    1,195.8   1,172.8   1,164.9     778.6     61.1    325.1      971.9      563.2     61.0    347.7
1967.................................................    1,321.9   1,298.8   1,291.6     843.9     71.6    376.1    1,141.0      650.6     73.0    417.5
1968.................................................    1,545.4   1,521.4   1,507.6     899.4     80.9    527.3    1,353.4      694.7     84.3    574.4
1969.................................................    1,499.5   1,482.3   1,466.8     810.6     85.0    571.2    1,323.7      625.9     85.2    612.7

1970.................................................    1,469.0     (\3\)   1,433.6     812.9     84.8    535.9    1,351.5      646.8     88.1    616.7
1971.................................................    2,084.5     (\3\)   2,052.2   1,151.0    120.3    780.9    1,924.6      906.1    132.9    885.7
1972.................................................    2,378.5     (\3\)   2,356.6   1,309.2    141.3    906.2    2,218.9    1,033.1    148.6  1,037.2
1973.................................................    2,057.5     (\3\)   2,045.3   1,132.0    118.3    795.0    1,819.5      882.1    117.0    820.5
1974.................................................    1,352.5     (\3\)   1,337.7     888.1     68.1    381.6    1,074.4      643.8     64.3    366.2

1975.................................................    1,171.4     (\3\)   1,160.4     892.2     64.0    204.3      939.2      675.5     63.9    199.8
1976.................................................    1,547.6     (\3\)   1,537.5   1,162.4     85.9    289.2    1,296.2      893.6     93.1    309.5
1977.................................................    2,001.7     (\3\)   1,987.1   1,450.9    121.7    414.4    1,690.0    1,126.1    121.3    442.7
1978.................................................    2,036.1     (\3\)   2,020.3   1,433.3    125.0    462.0    1,800.5    1,182.6    130.6    487.3
1979.................................................    1,760.0     (\3\)   1,745.1   1,194.1    122.0    429.0    1,551.8      981.5    125.4    444.8

1980.................................................    1,312.6     (\3\)   1,292.2     852.2    109.5    330.5    1,190.6      710.4    114.5    365.7
1981.................................................    1,100.3     (\3\)   1,084.2     705.4     91.1    287.7      985.5      564.3    101.8    319.4
1982.................................................    1,072.1     (\3\)   1,062.2     662.6     80.0    319.6    1,000.5      546.4     88.3    365.8
1983.................................................    1,712.5     (\3\)   1,703.0   1,067.6    113.5    522.0    1,605.2      901.5    133.6    570.1
1984.................................................    1,755.8     (\3\)   1,749.5   1,084.2    121.4    544.0    1,681.8      922.4    142.6    616.8

1985.................................................    1,745.0     (\3\)   1,741.8   1,072.4     93.4    576.1    1,733.3      956.6    120.1    656.6
1986.................................................    1,807.1     (\3\)   1,805.4   1,179.4     84.0    542.0    1,769.4    1,077.6    108.4    583.5
1987.................................................    1,622.7     (\3\)   1,620.5   1,146.4     65.3    408.7    1,534.8    1,024.4     89.3    421.1
1988.................................................      (\4\)     (\3\)   1,488.1   1,081.3     58.8    348.0    1,455.6      993.8     75.7    386.1
1989.................................................      (\4\)     (\3\)   1,376.1   1,003.3     55.2    317.6    1,338.4      931.7     67.0    339.8

1990.................................................      (\4\)     (\3\)   1,192.7     894.8     37.5    260.4    1,110.8      793.9     54.3    262.6
1991.................................................      (\4\)     (\3\)   1,013.9     840.4     35.6    137.9      948.8      753.5     43.1    152.1
1992.................................................      (\4\)     (\3\)   1,199.7   1,029.9     30.7    139.0    1,094.9      910.7     45.8    138.4
1993.................................................      (\4\)     (\3\)   1,287.6   1,125.7     29.4    132.6    1,199.1      986.5     52.3    160.2
1994.................................................      (\4\)     (\3\)   1,457.0   1,198.4     35.0    223.5    1,371.6    1,068.5     62.2    241.0

1995.................................................      (\4\)     (\3\)   1,354.1   1,076.2     33.7    244.1    1,332.5      997.3     63.7    271.5
1996p................................................      (\4\)     (\3\)   1,473.7   1,160.2     44.7    268.8    1,430.9    1,073.1     65.9    291.8
-----------------------------------------------------------------------------


(7)Seasonally adjusted annual rates

-----------------------------------------------------------------------------
1995:Jan.............................................      (\4\)     (\3\)     1,370     1,062       38      270      1,295        992       62      241
Feb..............................................      (\4\)     (\3\)     1,322     1,051       44      227      1,264        927       54      283
Mar..............................................      (\4\)     (\3\)     1,241       992       35      214      1,221        904       65      252
Apr..............................................      (\4\)     (\3\)     1,278     1,017       25      236      1,245        913       61      271
May..............................................      (\4\)     (\3\)     1,300     1,005       36      259      1,258        946       62      250
June.............................................      (\4\)     (\3\)     1,301     1,036       35      230      1,290        970       64      256

July.............................................      (\4\)     (\3\)     1,450     1,125       39      286      1,358      1,017       62      279
Aug..............................................      (\4\)     (\3\)     1,401     1,135       28      238      1,379      1,046       62      271
Sept.............................................      (\4\)     (\3\)     1,401     1,130       39      232      1,427      1,079       69      279
Oct..............................................      (\4\)     (\3\)     1,351     1,109       31      211      1,393      1,050       68      275
Nov..............................................      (\4\)     (\3\)     1,458     1,129       32      297      1,450      1,073       71      306
Dec..............................................      (\4\)     (\3\)     1,425     1,150       29      246      1,487      1,123       60      304

1996:Jan.............................................      (\4\)     (\3\)     1,453     1,146       20      287      1,378      1,056       65      257
Feb..............................................      (\4\)     (\3\)     1,514     1,183       33      298      1,417      1,087       60      270
Mar..............................................      (\4\)     (\3\)     1,439     1,163       25      251      1,423      1,097       61      265
Apr..............................................      (\4\)     (\3\)     1,511     1,209       53      249      1,459      1,115       75      269
May..............................................      (\4\)     (\3\)     1,478     1,144       49      285      1,452      1,098       62      292
June.............................................      (\4\)     (\3\)     1,490     1,209       46      235      1,415      1,085       62      268

July.............................................      (\4\)     (\3\)     1,470     1,150       43      277      1,457      1,073       68      316
Aug..............................................      (\4\)     (\3\)     1,533     1,239       38      256      1,423      1,078       60      285
Sept.............................................      (\4\)     (\3\)     1,461     1,138       44      279      1,399      1,040       73      286
Oct..............................................      (\4\)     (\3\)     1,385     1,088       55      242      1,362      1,011       69      282
Novp.............................................      (\4\)     (\3\)     1,514     1,161       61      292      1,418      1,025       67      326
Decp.............................................      (\4\)     (\3\)     1,329     1,024       40      265      1,410      1,016       64      330
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\Units in structures built by private developers for sale upon completion to local public housing authorities under the Department of Housing and
Urban Development ``Turnkey'' program are classified as private housing. Military housing starts, including those financed with mortgages insured by
FHA under Section 803 of the National Housing Act, are included in publicly owned starts and excluded from total private starts.
\2\Authorized by issuance of local building permit: in 19,000 permit-issuing places beginning 1994; in 17,000 places for 1984-93; in 16,000 places for
1978-83; in 14,000 places for 1972-77; in 13,000 places for 1967-71; in 12,000 places for 1963-66; and in 10,000 places prior to 1963.
\3\Not available separately beginning January 1970.
\4\Series discontinued December 1988.

Source: Department of Commerce, Bureau of the Census.