HOUSING PRODUCTION Permits* Permits for construction of new housing units were up a statistically insignificant 1 percent in the fourth quarter of 2001, at a seasonally adjusted annual rate (SAAR) of 1,578,000 units, but were unchanged from the fourth quarter of 2000. One-unit permits, at 1,200,000 units, were unchanged from the level of the previous quarter and unchanged from a year earlier. Multifamily permits (5 or more units in structure), at 309,000 units, were a statistically insignificant 5 percent above the third quarter of 2001 but a statistically insignificant 1 percent below the fourth quarter of 2000. On an annual basis, 1,612,100 housing permits were issued in 2001, 1 percent more than in 2000. Of these, 1,222,200 were one-unit permits, an increase of 2 percent over 2000. Multifamily permits, at 321,100, were 2 percent lower than in 2000.   Latest Quarter Previous Quarter Same Quarter Previous Year % Change From Previous Quarter % Change From Last Year Total 1,578 1,557 1,576 +1** — One Unit 1,200 1,195 1,201 — — Two to Four 69 66 63 +4** +8** Five Plus 309 296 312 +5** -1** *Components may not add to totals because of rounding. Units in thousands. **This change is not statistically significant. Source: Bureau of the Census, Department of Commerce Starts* Construction starts of new housing units in the fourth quarter of 2001 totaled 1,571,000 units at a seasonally adjusted annual rate, a statistically insignificant 2 percent below the third quarter of 2001 but a statistically insignificant 2 percent above the fourth quarter of 2000. Single-family starts, at 1,255,000 units, were a statistically insignificant 2 percent lower than the previous quarter but a statistically insignificant 3 percent above the year before. Multifamily starts totaled 288,000 units, unchanged from the previous quarter but a statistically insignificant 3 percent above the same quarter in 2000. On an annual basis, 1,603,100 housing units were started in 2001, 2 percent above the number started in 2000. Of these, 1,274,700 were single-family units, an increase of 4 percent over the previous year. Multifamily starts totaled 292,300 units, 2 percent less than in 2000.   Latest Quarter Previous Quarter Same Quarter Previous Year % Change From Previous Quarter % Change From Last Year Total 1,571 1,601 1,539 -2** +2** One Unit 1,255 1,275 1,221 -2** +3** Five Plus 288 288 279 — +3** *Components may not add to totals because of rounding. Units in thousands. **This change is not statistically significant. Source: Bureau of the Census, Department of Commerce Under Construction* Housing units under construction at the end of the fourth quarter of 2001 were at a seasonally adjusted annual rate of 1,006,000 units, a statistically insignificant 1 percent below the previous quarter but a statistically insignificant 4 percent above the fourth quarter of 2000. Single-family units stood at 679,000, a statistically insignificant 2 percent below the previous quarter but a statistically insignificant 4 percent above the fourth quarter of 2000. Multifamily units were at 295,000 units, unchanged from the previous quarter but up a statistically insignificant 4 percent from the fourth quarter of 2000. On an annual basis, at the end of 2001 there were 940,800 units under construction, an increase of 1 percent over 2000. There were 627,800 single-family units under construction, 1 percent more than at the end of the previous year. Multifamily units stood at 281,600, unchanged from the year before.   Latest Quarter Previous Quarter Same Quarter Previous Year % Change From Previous Quarter % Change From Last Year Total 1,006 1,015 965 -1** +4** One Unit 679 691 652 -2** +4** Five Plus 295 294 283 — +4** *Components may not add to totals because of rounding. Units in thousands. **This change is not statistically significant. Sources: Bureau of the Census, Department of Commerce; and Office of Policy Development and Research, Department of Housing and Urban Development Completions* Housing units completed in the fourth quarter of 2001, at a seasonally adjusted annual rate of 1,602,000 units, were up a statistically insignificant 1 percent from the previous quarter and up 5 percent from the same quarter of 2000. Single-family completions, at 1,300,000 units, were up a statistically insignificant 3 percent from the previous quarter and up 7 percent from the rate of a year earlier. Multifamily completions, at 269,000 units, were a statistically insignificant 5 percent below the previous quarter and a statistically insignificant 5 percent below the same quarter of 2000. Builders completed 1,566,700 housing units in 2001, an amount unchanged from the previous year. Of these, 1,252,600 were single-family units, an increase of 1 percent from 2000. Multifamily completions totaled 280,400, 8 percent below the previous year.   Latest Quarter Previous Quarter Same Quarter Previous Year % Change From Previous Quarter % Change From Last Year Total 1,602 1,582 1,528 +1** +5 One Unit 1,300 1,268 1,212 +3** +7 Five Plus 269 283 285 -5** -5** *Components may not add to totals because of rounding. Units in thousands. **This change is not statistically significant. Sources: Bureau of the Census, 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 205,000 units in the fourth quarter of 2001, which is 3 percent above the previous quarter and 5 percent above the rate of a year earlier. In all of 2001, 193,300 units were shipped, a decline of 23 percent from 2000.   Latest Quarter Previous Quarter Same Quarter Previous Year % Change From Previous Quarter % Change From Last Year Manufacturers' Shipments 205 199 195 +3 +5 *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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