Mixed Picture On October Housing Starts

Mixed Picture On October Housing Starts Privately owned housing starts in October were at a seasonally adjusted annual rate of 628,000, which is 0.3% below the revised September estimate of 630,000 but 16.5% above the October 2010 rate of 539,000, according to new data issued by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Single-family housing starts in October were at a rate of 430,000, which is 3.9% above the revised September figure of 414,000. The October rate for units in buildings with five units or more was 183,000.

Privately owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 653,000, a 10.9% increase above the revised September rate of 589,000 and 17.7% above the October 2010 estimate of 555,000.

Single-family authorizations in October were at a rate of 434,000, which is 5.1% above the revised September figure of 413,000. Authorizations of units in buildings with five units or more were at a rate of 202,000 in October.

Privately owned housing completions in October were at a seasonally adjusted annual rate of 584,000. This is 5.7% below the revised September estimate of 619,000 and 2.8% below the October 2010 rate of 601,000. Single-family housing completions in October were at a rate of 453,000, which is 7.1% above the revised September rate of 423,000. The October rate for units in buildings with five units or more was 129,000.

LEAVE A REPLY

Please enter your comment!
Please enter your name here