[Economic Report of the President (2004)]
[Administration of George W. Bush]
[Online through the Government Printing Office, www.gpo.gov]


 
Table B-56.--New private housing units started, authorized, and completed, and houses sold, 1959-2003
[Thousands; monthly data at seasonally adjusted annual rates]
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New housing units started            New housing units authorized \1\
---------------------------------------------------------------------------------    New
Type of structure                        Type of structure             housing      New
Year or month                   ---------------------------------------------------------------------------------   units      houses
2 to 4    5 units                      2 to 4    5 units   completed     sold
Total     1 unit     units    or more   Total    1 unit    units     or more
---------------------------------------------------------------------------\2\--------------------------------------------------------------------------
1959.............................................    1,517.0   1,234.0         283.0        1,208.3    938.3       77.1      192.9  .........  .........

1960.............................................    1,252.2     994.7         257.5          998.0    746.1       64.6      187.4  .........  .........
1961.............................................    1,313.0     974.3         338.7        1,064.2    722.8       67.6      273.8  .........  .........
1962.............................................    1,462.9     991.4         471.5        1,186.6    716.2       87.1      383.3  .........  .........
1963.............................................    1,603.2   1,012.4         590.8        1,334.7    750.2      118.9      465.6  .........        560
1964.............................................    1,528.8     970.5     108.3     450.0  1,285.8    720.1      100.8      464.9  .........        565
1965.............................................    1,472.8     963.7      86.7     422.5  1,240.6    709.9       84.8      445.9  .........        575
1966.............................................    1,164.9     778.6      61.2     325.1    971.9    563.2       61.0      347.7  .........        461
1967.............................................    1,291.6     843.9      71.7     376.1  1,141.0    650.6       73.0      417.5  .........        487
1968.............................................    1,507.6     899.4      80.7     527.3  1,353.4    694.7       84.3      574.4    1,319.8        490
1969.............................................    1,466.8     810.6      85.1     571.2  1,322.3    624.8       85.2      612.4    1,399.0        448

1970.............................................    1,433.6     812.9      84.9     535.9  1,351.5    646.8       88.1      616.7    1,418.4        485
1971.............................................    2,052.2   1,151.0     120.5     780.9  1,924.6    906.1      132.9      885.7    1,706.1        656
1972.............................................    2,356.6   1,309.2     141.2     906.2  2,218.9  1,033.1      148.6    1,037.2    2,003.9        718
1973.............................................    2,045.3   1,132.0     118.2     795.0  1,819.5    882.1      117.0      820.5    2,100.5        634
1974.............................................    1,337.7     888.1      68.0     381.6  1,074.4    643.8       64.3      366.2    1,728.5        519
1975.............................................    1,160.4     892.2      64.0     204.3    939.2    675.5       63.9      199.8    1,317.2        549
1976.............................................    1,537.5   1,162.4      85.8     289.2  1,296.2    893.6       93.1      309.5    1,377.2        646
1977.............................................    1,987.1   1,450.9     121.7     414.4  1,690.0  1,126.1      121.3      442.7    1,657.1        819
1978.............................................    2,020.3   1,433.3     125.1     462.0  1,800.5  1,182.6      130.6      487.3    1,867.5        817
1979.............................................    1,745.1   1,194.1     122.0     429.0  1,551.8    981.5      125.4      444.8    1,870.8        709

1980.............................................    1,292.2     852.2     109.5     330.5  1,190.6    710.4      114.5      365.7    1,501.6        545
1981.............................................    1,084.2     705.4      91.2     287.7    985.5    564.3      101.8      319.4    1,265.7        436
1982.............................................    1,062.2     662.6      80.1     319.6  1,000.5    546.4       88.3      365.8    1,005.5        412
1983.............................................    1,703.0   1,067.6     113.5     522.0  1,605.2    901.5      133.6      570.1    1,390.3        623
1984.............................................    1,749.5   1,084.2     121.4     543.9  1,681.8    922.4      142.6      616.8    1,652.2        639
1985.............................................    1,741.8   1,072.4      93.5     576.0  1,733.3    956.6      120.1      656.6    1,703.3        688
1986.............................................    1,805.4   1,179.4      84.0     542.0  1,769.4  1,077.6      108.4      583.5    1,756.4        750
1987.............................................    1,620.5   1,146.4      65.1     408.7  1,534.8  1,024.4       89.3      421.1    1,668.8        671
1988.............................................    1,488.1   1,081.3      58.7     348.0  1,455.6    993.8       75.7      386.1    1,529.8        676
1989.............................................    1,376.1   1,003.3      55.3     317.6  1,338.4    931.7       67.0      339.8    1,422.8        650

1990.............................................    1,192.7     894.8      37.6     260.4  1,110.8    793.9       54.3      262.6    1,308.0        534
1991.............................................    1,013.9     840.4      35.6     137.9    948.8    753.5       43.1      152.1    1,090.8        509
1992.............................................    1,199.7   1,029.9      30.9     139.0  1,094.9    910.7       45.8      138.4    1,157.5        610
1993.............................................    1,287.6   1,125.7      29.4     132.6  1,199.1    986.5       52.3      160.2    1,192.7        666
1994.............................................    1,457.0   1,198.4      35.2     223.5  1,371.6  1,068.5       62.2      241.0    1,346.9        670
1995.............................................    1,354.1   1,076.2      33.8     244.1  1,332.5    997.3       63.7      271.5    1,312.6        667
1996.............................................    1,476.8   1,160.9      45.3     270.8  1,425.6  1,069.5       65.8      290.3    1,412.9        757
1997.............................................    1,474.0   1,133.7      44.5     295.8  1,441.1  1,062.4       68.5      310.3    1,400.5        804
1998.............................................    1,616.9   1,271.4      42.6     302.9  1,612.3  1,187.6       69.2      355.5    1,474.2        886
1999.............................................    1,640.9   1,302.4      31.9     306.6  1,663.5  1,246.7       65.8      351.1    1,604.9        880

2000.............................................    1,568.7   1,230.9      38.7     299.1  1,592.3  1,198.1       64.9      329.3    1,573.7        877
2001 ............................................    1,602.7   1,273.3      36.6     292.8  1,636.7  1,235.6       66.0      335.2    1,570.8        908
2002 ............................................    1,704.9   1,358.6      38.5     307.9  1,747.7  1,332.6       73.7      341.4    1,648.4        973
2003 p...........................................    1,848.4   1,498.5      33.3     316.6  1,862.4  1,443.6       82.7      336.0    1,677.7      1,085

2002: Jan........................................      1,681     1,307        68       306    1,679    1,294         72        313      1,631        876
Feb........................................      1,817     1,491        44       282    1,773    1,391         66        316      1,666        949
Mar........................................      1,651     1,284        48       319    1,681    1,281         71        329      1,563        917
Apr........................................      1,587     1,275        27       285    1,662    1,279         70        313      1,643        916
May........................................      1,752     1,389        37       326    1,721    1,286         69        366      1,713        981
June.......................................      1,709     1,359        47       303    1,746    1,309         82        355      1,591        959

July.......................................      1,666     1,329        31       306    1,742    1,312         70        360      1,612        961
Aug........................................      1,630     1,249        31       350    1,704    1,319         73        312      1,705      1,025
Sept.......................................      1,810     1,449        37       324    1,803    1,372         91        340      1,655      1,057
Oct........................................      1,653     1,366        33       254    1,813    1,390         71        352      1,591      1,005
Nov........................................      1,760     1,403        34       323    1,764    1,377         70        317      1,706      1,022
Dec........................................      1,815     1,462        35       318    1,907    1,420         77        410      1,674      1,052

2003: Jan........................................      1,828     1,509        41       278    1,777    1,406         87        284      1,647      1,009
Feb........................................      1,640     1,312        30       298    1,786    1,319         78        389      1,672        935
Mar........................................      1,742     1,393        36       313    1,688    1,311         71        306      1,621      1,008
Apr........................................      1,627     1,357        31       239    1,724    1,332         82        310      1,680      1,004
May........................................      1,745     1,389        27       329    1,803    1,349         84        370      1,742      1,081
June.......................................      1,844     1,499        28       317    1,823    1,427         77        319      1,663      1,200

July.......................................      1,890     1,533        36       321    1,800    1,434         77        289      1,678      1,145
Aug........................................      1,831     1,490        32       309    1,901    1,484         84        333      1,573      1,190
Sept.......................................      1,931     1,547        45       339    1,875    1,487         88        300      1,709      1,129
Oct........................................      1,977     1,640        29       308    1,981    1,539         81        361      1,717      1,149
Nov p......................................      2,054     1,674        37       343    1,863    1,473         88        302      1,707      1,117
Dec p......................................      2,088     1,664        27       397    1,953    1,530         77        346      1,710      1,060
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\1\ Authorized by issuance of local building permits in: 19,000 permit-issuing places beginning 1994; 17,000 places for 1984-93; 16,000 places for 1978-
83; 14,000 places for 1972-77; 13,000 places for 1967-71; 12,000 places for 1963-66; and 10,000 places prior to 1963.
\2\ Monthly data derived.

Note.--Data beginning 1999 for new housing units started and completed and for new houses sold are based on new estimation methods and are not directly
comparable with earlier data.

Source: Department of Commerce, Bureau of the Census.