The U.S. government is reporting that privately‐owned housing starts in November, 2024 were at a seasonally adjusted annual rate of 1,289,000, which is 1.8% lower than October’s revised number and is 14.6% lower than one year ago. November’s rate for units in buildings with five units or more was 264k. Privately‐owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,505,000, which is 6.1% higher than October’s revised number and is 0.2% lower than one year ago. Authorizations of units in buildings with five units or more were at a rate of 481k in November.
Click here to read the full report at the U.S. Census Bureau.
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