Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,091,000, according to numbers released by the U.S. Census Bureau and the Department of Housing and Urban Development. The figure is 22.7 percent above the revised October estimate of 889,000 and is 29.6 percent above the November 2012 rate of 842,000. Single-family housing starts in November were at a rate of 727,000; this is 20.8 percent above the revised October figure of 602,000. The November rate for units in buildings with five units or more was 354,000.
BUILDING PERMITS
Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,007,000. This is 3.1 percent below the revised October rate of 1,039,000, but is 7.9 percent above the November 2012 estimate of 933,000.
Single-family authorizations in November were at a rate of 634,000; this is 2.1 percent above the revised October figure of 621,000. Authorizations of units in buildings with five units or more were at a rate of 346,000 in November.
HOUSING COMPLETIONS
Privately-owned housing completions in November were at a seasonally adjusted annual rate of 823,000. This is 0.1 percent below the revised October estimate of 824,000, but is 21.6 percent above the November 2012 rate of 677,000.
Single-family housing completions in November were at a rate of 596,000; this is 3.2 percent below the revised October rate of 616,000. The November rate for units in buildings with five units or more was 221,000. |
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