HOUSING PRODUCTION Permits* Permits for construction of new housing units were up 8 percent in the first quarter of 2002, at a seasonally adjusted annual rate (SAAR) of 1,698,000 units, and were up a statistically insignificant 2 percent from the first quarter of 2001. One-unit permits, at 1,317,000 units, were up 10 percent from the level of the previous quarter and up 6 percent from a year earlier. Multifamily permits (5 or more units in structure), at 306,000 units, were a statistically insignificant 2 percent below the fourth quarter of 2001 and 16 percent below the first quarter of 2001.   Latest Quarter Previous Quarter Same Quarter Previous Year % Change From Previous Quarter % Change From Last Year Total 1,698 1,578 1,671 + 8 + 2** One Unit 1,317 1,199 1,240 + 10 + 6 Two to Four 75 67 66 + 11 + 13 Five Plus 306 312 365 – 2** – 16 *Components may not add to totals because of rounding. Units in thousands. **This change is not statistically significant. Source: Census Bureau, Department of Commerce Starts* Construction starts of new housing units in the first quarter of 2002 totaled 1,715,000 units at a seasonally adjusted annual rate, 9 percent above the fourth quarter of 2001 and a statistically insignificant 5 percent above the first quarter of 2001. Single-family starts, at 1,373,000 units, were 9 percent higher than the previous quarter and 7 percent above the year before. Multifamily starts totaled 288,000 units, unchanged from the previous quarter but a statistically insignificant 8 percent below the same quarter in 2001.   Latest Quarter Previous Quarter Same Quarter Previous Year % Change From Previous Quarter % Change From Last Year Total 1,715 1,579 1,627 + 9 + 5** One Unit 1,373 1,260 1,277 + 9 + 7 Five Plus 288 289 313 – – 8** *Components may not add to totals because of rounding. Units in thousands. **This change is not statistically significant. Source: Census Bureau, Department of Commerce Under Construction* Housing units under construction at the end of the first quarter of 2002 were at a seasonally adjusted annual rate of 1,012,000 units, a statistically insignificant 1 percent above the previous quarter and a statistically insignificant 1 percent above the first quarter of 2001. Single-family units stood at 677,000, a statistically insignificant 1 percent above the previous quarter but unchanged from the first quarter of 2001. Multifamily units were at 301,000 units, up a statistically insignificant 2 percent from the previous quarter and up a statistically insignificant 3 percent from the first quarter of 2001.   Latest Quarter Previous Quarter Same Quarter Previous Year % Change From Previous Quarter % Change From Last Year Total 1,012 998 1,002 + 1** + 1** One Unit 677 673 676 + 1** – Five Plus 301 296 293 + 2** + 3** *Components may not add to totals because of rounding. Units in thousands. **This change is not statistically significant. Sources: Census Bureau, Department of Commerce; and Office of Policy Development and Research, Department of Housing and Urban Development Completions* Housing units completed in the first quarter of 2002, at a seasonally adjusted annual rate of 1,604,000 units, were down a statistically insignificant 1 percent from the previous quarter but up 9 percent from the same quarter of 2001. Single-family completions, at 1,327,000 units, were up a statistically insignificant 1 percent from the previous quarter and up 14 percent from the rate of a year earlier. Multifamily completions, at 251,000 units, were a statistically insignificant 7 percent below the previous quarter and 12 percent below the same quarter of 2001.   Latest Quarter Previous Quarter Same Quarter Previous Year % Change From Previous Quarter % Change From Last Year Total 1,604 1,618 1,478 – 1** + 9 One Unit 1,327 1,313 1,166 + 1** + 14 Five Plus 251 271 285 – 7** – 12 *Components may not add to totals because of rounding. Units in thousands. **This change is not statistically significant. Sources: Census Bureau, Department of Commerce; and Office of Policy Development and Research, Department of Housing and Urban Development Manufactured (Mobile) Home Shipments* Shipments of new manufactured (mobile) homes were at a seasonally adjusted rate of 181,000 units in the first quarter of 2002, which is 12 percent below the previous quarter but 2 percent above the rate of a year earlier.   Latest Quarter Previous Quarter Same Quarter Previous Year % Change From Previous Quarter % Change From Last Year Manufacturers' Shipments 181 205 177 – 12 + 2 *Units in thousands. These are HUD- code homes only and do not include manufactured housing units built to meet local building codes, which are included in housing starts figures. Source: National Conference of States on Building Codes and Standards

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