Research >> Economics
November Housing Starts down 18.7%, Permits down 4.7%
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BUILDING PERMITS
Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,201,000. This is 4.7 percent (±1.1%) below the revised October rate of 1,260,000 and is 6.6 percent (±2.6%) below the November 2015 estimate of 1,286,000. Single-family authorizations in November were at a rate of 778,000; this is 0.5 percent (±1.4%)* above the revised October figure of 774,000. Authorizations of units in buildings with five units or more were at a rate of 384,000 in November.
HOUSING STARTS
Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,090,000. This is 18.7 percent (±6.7%) below the revised October estimate of 1,340,000 and is 6.9 percent (±7.3%)* below the November 2015 rate of 1,171,000. Single-family housing starts in ovember were at a rate of 828,000; this is 4.1 percent (±7.5%)* below the revised October figure of 863,000. The November rate for units in buildings with five units or more was 259,000.
HOUSING COMPLETIONS
Privately-owned housing completions in November were at a seasonally adjusted annual rate of 1,216,000. This is 15.4 percent (±13.5%) above the revised October estimate of 1,054,000 and is 25.0 percent (±15.0%) above the November 2015 rate of 973,000. Single-family housing completions in November were at a rate of 74,000; this is 3.3 percent (±8.3%)* above the revised October rate of 749,000. The November rate for units in buildings with five units or more was 432,000.
Posted: December 16, 2016 Friday 08:30 AM