US February housing starts 1.501M vs 1.380M estimate

• Prior month 1.366M revised to 1.350M
• Housing starts vs 1.501m vs 1.380M estimate.
• Prior month building permits 1.483M
• Building permits 1.456M vs 1.453M estimate

Details from the US census

Building Permits:

• Total: 1.456 million (↓ 1.2% from January, ↓ 6.8% from Feb 2024)
• Single-family: 992,000 (↓ 0.2% from January)
• Multi-family (5+ units): 404,000

Housing Starts:

• Total: 1.501 million (↑ 11.2% from January, ↓ 2.9% from Feb 2024)
• Single-family: 1.108 million (↑ 11.4% from January)
• Multi-family (5+ units): 370,000

Housing Completions:

• Total: 1.592 million (↓ 4.0% from January, ↓ 6.2% from Feb 2024)
• Single-family: 1.066 million (↑ 7.1% from January)
• Multi-family (5+ units): 512,000