Building Permits – Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,483,000. This is 0.1 percent above the revised December rate of 1,482,000, but is 1.7 percent below the January 2024 rate of 1,508,000. Single-family authorizations in January were at a rate of 996,000; this is virtually unchanged from the revised December figure of 996,000. Authorizations of units in buildings with five units or more were at a rate of 427,000 in January. Housing Starts – Privately-owned housing starts in January were at a seasonally adjusted annual rate of 1,366,000. This is 9.8 percent (±12.5 percent)* below the revised December estimate of 1,515,000 and is 0.7 percent (±13.0 percent)* below the January 2024 rate of 1,376,000. Single-family housing starts in January were at a rate of 993,000; this is 8.4 percent (±10.1 percent)* below the revised December figure of 1,084,000. The January rate for units in buildings with five units or more was 355,000. Housing Completions – Privately-owned housing completions in January were at a seasonally adjusted annual rate of 1,651,000. This is 7.6 percent (±8.4 percent)* above the revised December estimate of 1,534,000 and is 9.8 percent (±14.0 percent)* above the January 2024 rate of 1,504,000. Single-family housing completions in January were at a rate of 982,000; this is 7.1 percent (±8.3 percent)* above the revised December rate of 917,000. The January rate for units in buildings with five units or more was 652,000.