U.S. housing permits and starts advance again in November
Housing completions slide 12.1 percent month-over-month.
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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 2020:
Building Permits
Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,639,000. This is 6.2 percent (±1.5 percent) above the revised October rate of 1,544,000 and is 8.5 percent (±1.8 percent) above the November 2019 rate of 1,510,000.
Single-family authorizations in November were at a rate of 1,143,000; this is 1.3 percent (±0.8 percent) above the revised October figure of 1,128,000. Authorizations of units in buildings with five units or more were at a rate of 441,000 in November.
Housing Starts
Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,547,000. This is 1.2 percent (±8.6 percent)* above the revised October estimate of 1,528,000 and is 12.8 percent (±11.3 percent) above the November 2019 rate of 1,371,000.
Single-family housing starts in November were at a rate of 1,186,000; this is 0.4 percent (±7.9 percent)* above the revised October figure of 1,181,000. The November rate for units in buildings with five units or more was 352,000.
Housing Completions
Privately-owned housing completions in November were at a seasonally adjusted annual rate of 1,163,000. This is 12.1 percent (±5.6 percent) below the revised October estimate of 1,323,000 and is 4.8 percent (±10.6 percent)* below the November 2019 rate of 1,222,000.
Single-family housing completions in November were at a rate of 874,000; this is 0.6 percent (±7.5 percent)* below the revised October rate of 879,000. The November rate for units in buildings with five units or more was 280,000.
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