U.S. housing permits and starts rise in November
Privately‐owned housing starts rise 3.2 percent; single-family starts climb 2.4 percent for month.
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for November 2019:
Building Permits
Privately‐owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,482,000. This is 1.4 percent (±1.4 percent)* above the revised October rate of 1,461,000 and is 11.1 percent (±1.8 percent) above the November 2018 rate of 1,334,000.
Single‐family authorizations in November were at a rate of 918,000; this is 0.8 percent (±1.3 percent)* above the revised October figure of 911,000. Authorizations of units in buildings with five units or more were at a rate of 524,000 in November.
Housing Starts
Privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,365,000. This is 3.2 percent (±10.0 percent)* above the revised October estimate of 1,323,000 and is 13.6 percent (±12.8 percent) above the November 2018 rate of 1,202,000.
Single‐family housing starts in November were at a rate of 938,000; this is 2.4 percent (±5.8 percent)* above the revised October figure of 916,000. The November rate for units in buildings with five units or more was 404,000.
Housing Completions
Privately‐owned housing completions in November were at a seasonally adjusted annual rate of 1,188,000. This is 6.6 percent (±8.9 percent)* below the revised October estimate of 1,272,000, but is 7.3 percent (±14.8 percent)* above the November 2018 rate of 1,107,000.
Single‐family housing completions in November were at a rate of 883,000; this is 3.6 percent (±10.0 percent)* below the revised October rate of 916,000. The November rate for units in buildings with five units or more was 295,000.
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