Building Permits Up 6.2%

The U.S. government is reporting that privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,547,000, which is 1.2% above October’s revised number.  November’s rate for units in buildings with five units or more was 352k.  Privately‐owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,639,000, which was 6.2% higher than October’s revised number.  Authorizations of units in buildings with five units or more were at a rate of 441k in November.

Click here to read the full report at the U.S. Census Bureau.