Single-family housing starts in November were at a rate of 1.01 million, according to new data from the US Census Bureau and the US Department of Housing and Urban Development. This is 6.4% above the revised October figure of 950,000.
Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1.28 million, a 1.8% drop from the revised October estimate of 1.31 million and a 14.6% fall from the November 2023 rate of 1.51 million.
Single-family authorizations in November were at a rate of 972,000, a scant 0.1% uptick from the revised October figure of 971,000. Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1.505 million, up 6.1% from the revised October rate of 1.41 million buts 0.2% below the November 2023 rate of 1.508 million.
Single-family housing completions in November were at a rate of 1.03 million, up 3.3% from the revised October rate of 1 million. Privately-owned housing completions in November were at a seasonally adjusted annual rate of 1.6 million, a 1.9% decline from the revised October estimate of 1.63 million and was also 9.2% above the November 2023 rate of 1.46 million.
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