Cleaning & Restoration Breaking News

January housing starts up, strongest in 2 years

February 20, 2002
/ Print / Reprints /
/ Text Size+
U.S. housing starts in January jumped 6.3 percent to their highest pace in almost two years, beating all expectations and a still sluggish economy.

WASHINGTON -- U.S. housing starts in January jumped 6.3 percent to their highest pace in almost two years, beating all expectations as housing continued a strong surge despite a still sluggish economy.

In January, builders began work on new homes at a seasonally adjusted annual rate of 1.678 million units, up from a revised 1.579 million rate in December, according to the U.S. Commerce Department ( The pace beat analyst expectations. The last time the pace of new starts was faster was in February 2000 when builders broke ground at a 1.745 million rate.

Meanwhile, building permits rose 3.1 percent in January to a 1.706 million seasonally adjusted annual rate, up from a 1.654 million rate in December. This was the highest rate since January a year ago, when the pace was 1.724 million. Building permits indicate future activity.

Regionally, housing starts jumped 14.4 percent in the South to a pace of 800,000, the highest level of building activity since January 2000. The South is the region with the biggest number of starts, with more than double the number of any other area.

Starts increased by 8.7 percent in the Northeast, but fell by 3.6 percent in the West and by 0.3 percent in the Midwest. Starts on single-family homes climbed 3.5 percent to a seasonally adjusted annual pace of 1.345 million units, while multi-family starts rose by 8.3 percent to 287,000 units.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.



Image Galleries

The 2014 Experience Conference and Exhibition

A look in photos at the 2014 Experience Conference and Exhibition, which was held from April 24-26 at the Embassy Suites Convention Center and Spa in Frisco, Texas.


Have a limited marketing budget but realize the importance of neighborhood marketing? Try doorknob hangers, a low-cost, yet highly effective way to drum up more business. In this episode, John Braun discusses the value of this tactic as well as what you should include on the materials you're hanging.
More Podcasts

ICS Cleaning Specialist Magazine


2014 September

The September issue of ICS features stories on moisture detection, disinfectant services, neighborhood marketing, then we discuss the last level of being phenomenal, and cool products.

Table Of Contents Subscribe

Janitorial Work

In addition to residential and commercial carpet cleaning, do you do any janitorial work on the side?
View Results Poll Archive


Get Paid! book cover
Get Paid! (ebook)
Over 30 authors – over 40 articles…from attorneys, contractors, consultants, instructors and others, both inside and outside the restoration industry. R & R, C & R and Cleanfax, opened their archives and gave us the best they had, other chapters were created just for the “Get Paid!” book and its readers. And every one of them has ideas for how to get paid what you are owed.

More Products


Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view


Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view


facebook_40.png twitter_40px.png youtube_40px.pngcrc logo