Research >> Economics
November Housing Starts down 1.6%, Permits down 5.2%
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BUILDING PERMITS
Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,035,000. This is 5.2 percent (±1.4%) below the revised October rate of 1,092,000 and is 0.2 percent (±1.8%) below the November 2013 estimate of 1,037,000. Single-family authorizations in November were at a rate of 639,000; this is 1.2 percent (±1.4%) below the revised October figure of 647,000. Authorizations of units in buildings with five units or more were at a rate of 367,000 in November.
HOUSING STARTS
Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,028,000. This is 1.6 percent (±8.1%) below the revised October estimate of 1,045,000 and is 7.0 percent (±10.2%) below the November 2013 rate of 1,105,000. Single-family housing starts in November were at a rate of 677,000; this is 5.4 percent (±8.1%) below the revised October figure of 716,000. The November rate for units in buildings with five units or more was 340,000.
HOUSING COMPLETIONS
Privately-owned housing completions in November were at a seasonally adjusted annual rate of 863,000. This is 6.4 percent (±8.3%) below the revised October estimate of 922,000, but is 4.5 percent (±9.6%) above the November 2013 rate of 826,000. Single-family housing completions in November were at a rate of 596,000; this is 2.9 percent (±8.2%) below the revised October rate of 614,000. The November rate for units in buildings with five units or more was 256,000.
Posted: December 16, 2014 Tuesday 08:30 AM