Housing Starts Up in November

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The U.S. government is reporting that privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,256,000. This figure is 3.2% above October’s revised estimate but is 3.6% below November, 2017.   Single‐family housing starts in November were at a rate of 824k, which is 4.6% below October’s revised number.  The November rate for units in buildings with five units or more was 417k.  Privately‐owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,328,000. This figure is 5% above October’s revised rate and is 0.4% above November, 2017.  Single‐family authorizations in November were at a rate of 848k, which is 0.1% above October’s revised figure.

Click here to read the full release at Census.gov.

 

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Director of Education & Outreach, National Real Estate Investors Association

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