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Drop in multifamily construction forces U.S. housing starts down in January; permits rise



PORTLAND, OR , Feb. 20, 2013 (RISI) - 

U.S. housing starts in January were at a seasonally adjusted annual rate (SAAR) of 890,000, down 8.5% from the revised December estimate of 973,000 and 23.6% above the January 2012 rate of 720,000.

Single-family housing starts in January were at a rate of 613,000, up 0.8% from the revised December figure of 608,000. The January rate for units in buildings with five units or more was 260,000, down 26.1% from 352,000 in January.

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