U.S. Housing Starts Surge 11.8 Percent in November
Single-family starts advance 11.3 percent for month.
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The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following residential construction statistics for November 2021:
Building Permits
Privately‐owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,712,000. This is 3.6 percent (±0.9 percent) above the revised October rate of 1,653,000 and is 0.9 percent (±2.0 percent)* above the November 2020 rate of 1,696,000.
Single‐family authorizations in November were at a rate of 1,103,000; this is 2.7 percent (±1.1 percent) above the revised October figure of 1,074,000. Authorizations of units in buildings with five units or more were at a rate of 560,000 in November.
Housing Starts
Privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,679,000. This is 11.8 percent (±15.2 percent)* above the revised October estimate of 1,502,000 and is 8.3 percent (±14.3 percent)* above the November 2020 rate of 1,551,000.
Single‐family housing starts in November were at a rate of 1,173,000; this is 11.3 percent (±15.8 percent)* above the revised October figure of 1,054,000. The November rate for units in buildings with five units or more was 491,000.
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