[Economic Report of the President (1999)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]



PRODUCTION AND BUSINESS ACTIVITY


[[Page 391]]


Table B-56.--New housing units started and authorized, 1959-98
[Thousands of units; monthly data at seasonally adjusted annual rates]
--------------------------------------------------------------------------------------------------------------------------------------------------------
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        282.9         1,208.3      938.3     77.1    192.9

1960.................................................    1,296.1   1,274.0   1,252.2     994.7        257.5           998.0      746.1     64.6    187.4
1961.................................................    1,365.0   1,336.8   1,313.0     974.3        338.7         1,064.2      722.8     67.6    273.8
1962.................................................    1,492.5   1,468.7   1,462.9     991.4        471.5         1,186.6      716.2     87.1    383.3
1963.................................................    1,634.9   1,614.8   1,603.2   1,012.4        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
1996.................................................      (\4\)     (\3\)   1,476.8   1,160.9     45.2    270.8    1,425.6    1,069.5     65.8    290.3
1997.................................................      (\4\)     (\3\)   1,474.0   1,133.7     44.5    295.8    1,441.1    1,062.4     68.5    310.3
1998p................................................      (\4\)     (\3\)   1,615.6   1,269.6     43.6    302.4    1,603.0    1,181.5     68.7    352.8

1997:Jan.............................................      (\4\)     (\3\)     1,394     1,138       42      214      1,399      1,061       65      273
Feb..............................................      (\4\)     (\3\)     1,547     1,231       42      274      1,450      1,074       64      312
Mar..............................................      (\4\)     (\3\)     1,477     1,139       44      294      1,438      1,020       65      353
Apr..............................................      (\4\)     (\3\)     1,480     1,134       41      305      1,423      1,052       69      302
May..............................................      (\4\)     (\3\)     1,404     1,095       34      275      1,422      1,046       65      311
June.............................................      (\4\)     (\3\)     1,502     1,132       40      330      1,398      1,051       68      279

July.............................................      (\4\)     (\3\)     1,461     1,144       38      279      1,441      1,052       77      312
Aug..............................................      (\4\)     (\3\)     1,383     1,076       43      264      1,445      1,059       64      322
Sept.............................................      (\4\)     (\3\)     1,501     1,174       45      282      1,475      1,084       67      324
Oct..............................................      (\4\)     (\3\)     1,529     1,124       64      341      1,502      1,106       74      322
Nov..............................................      (\4\)     (\3\)     1,523     1,167       40      316      1,475      1,102       58      315
Dec..............................................      (\4\)     (\3\)     1,540     1,130       62      348      1,467      1,094       82      291

1998:Jan.............................................      (\4\)     (\3\)     1,545     1,225       49      271      1,553      1,142       70      341
Feb..............................................      (\4\)     (\3\)     1,616     1,263       63      290      1,635      1,176       74      385
Mar..............................................      (\4\)     (\3\)     1,585     1,239       45      301      1,569      1,136       71      362
Apr..............................................      (\4\)     (\3\)     1,546     1,237       44      265      1,517      1,145       55      317
May..............................................      (\4\)     (\3\)     1,538     1,224       51      263      1,543      1,152       66      325
June.............................................      (\4\)     (\3\)     1,620     1,269       45      306      1,517      1,128       74      315

July.............................................      (\4\)     (\3\)     1,704     1,300       42      362      1,581      1,173       74      334
Aug..............................................      (\4\)     (\3\)     1,621     1,261       55      305      1,618      1,180       72      366
Sept.............................................      (\4\)     (\3\)     1,569     1,250       27      292      1,544      1,164       69      311
Oct..............................................      (\4\)     (\3\)     1,693     1,291       40      362      1,690      1,198       65      427
Novp.............................................      (\4\)     (\3\)     1,662     1,367       33      262      1,656      1,238       62      356
Decp.............................................      (\4\)     (\3\)     1,720     1,357       40      323      1,723      1,290       81     352
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\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.