The U.S. government is reporting that privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,365,000. This figure is 3.2% above October’s revised estimate of and is 13.6% higher than November. Single‐family housing starts in November were at a rate of 938k, which is 2.4% higher than October’s revised figure. November’s rate for units in buildings with five units or more was 404k. Privately‐owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,482,000. This figure is 1.4% higher than October’s revised rate and is 11.1% higher than November, 2018. Single‐family authorizations in November were at a rate of 918k, which is 0.8% higher than October’s revised number. Authorizations of units in buildings with five units or more were at a rate of 524k in November.
Click here to read the full report at the U.S. Census Bureau.
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