The U.S. government is reporting that privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,427,000, which is 0.5% lower than October’s revised number and 16.4% lower than one year ago. November’s rate for units in buildings with five units or more was 584k. Privately‐owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,342,000, which is 11.2% below October’s revised number. Authorizations of units in buildings with five units or more were at a rate of 509k in November.
Click here to read the full report at the U.S. Census Bureau.
