Housing Starts Down In November

Posted by Orb Staff on December 19, 2012 No Comments
Categories : Residential Mortgage

12940_homebuilder6 Housing Starts Down In November Single-family housing starts in November were at a rate of 565,000, which is 4.1% below the revised October figure of 589,000, according to new data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Privately-owned housing starts were at a seasonally adjusted annual rate of 861,000, which is 3% below the revised October estimate of 888,000 but 21.6% above the November 2011 rate of 708,000.

Single-family authorizations in November were at a rate of 565,000; this is 0.2% below the revised October figure of 566,000. Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 899,000. This is 3.6% above the revised October rate of 868,000 and is 26.8% above the November 2011 estimate of 709,000.

Privately-owned housing completions in November were at a seasonally adjusted annual rate of 677,000. This is 9.7% below the revised October estimate of 750,000 but is 16.1% above the November 2011 rate of 583,000. Single-family housing completions in November were at a rate of 520,000; this is 2.4% below the revised October rate of 533,000.

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