Housing Starts Up in 4.9% in October

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The U.S. government is reporting that privately‐owned housing starts in October were at a seasonally adjusted annual rate of 1,530,000, which is 4.9% above September’s revised number.  October’s rate for units in buildings with five units or more was 334k.  Privately‐owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,545,000, which was virtually the same as September’s revised number.  Authorizations of units in buildings with five units or more were at a rate of 365k in October.

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

 

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Director of Education & Outreach, National Real Estate Investors Association

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