Research >> Economics
October Housing Starts up 13.7%, Permits up 5.9%
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Building Permits
Privately-owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,297,000. This is 5.9 percent (±1.4 percent) above the revised September rate of 1,225,000 and is 0.9 percent (±1.6 percent) above the October 2016 rate of 1,285,000. Single-family authorizations in October were at a rate of 839,000; this is 1.9 percent (±1.7 percent) above the revised September figure of 823,000. Authorizations of units in buildings with five units or more were at a rate of 416,000 in October.
Housing Starts
Privately-owned housing starts in October were at a seasonally adjusted annual rate of 1,290,000. This is 13.7 percent (±10.5 percent) above the revised September estimate of 1,135,000, but is 2.9 percent (±10.1 percent) below the October 2016 rate of 1,328,000. Single-family housing starts in October were at a rate of 877,000; this is 5.3 percent (±12.1 percent) above the revised September figure of 833,000. The October rate for units in buildings with five units or more was 393,000.
Housing Completions
Privately-owned housing completions in October were at a seasonally adjusted annual rate of 1,232,000. This is 12.6 percent (±12.2 percent) above the revised September estimate of 1,094,000 and is 15.5 percent (±11.7 percent) above the October 2016 rate of 1,067,000. Single-family housing completions in October were at a rate of 793,000; this is 2.6 percent (±11.1 percent) above the revised September rate of 773,000. The October rate for units in buildings with five units or more was 433,000.
Posted: November 17, 2017 Friday 08:30 AM