U.S. privately‐owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,495,000. This is 1.9% above the revised November rate of 1,467,000 and is 6.1% above the December 2022 rate of 1,409,000, according to the U.S. Census Bureau.
Single‐family authorizations in December were at a rate of 994,000; this is 1.7% above the revised November figure of 977,000. Authorizations of units in buildings with five units or more were at a rate of 449,000 in December.
An estimated 1,469,800 housing units were authorized by building permits in 2023. This is 11.7% below the 2022 figure of 1,665,100.
