Housing Starts in U.S. Up 9.3% in November

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According to the Department of Housing and Urban Development (HUD),  new residential construction statistics for November 2011 were:

Building Permits

Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 681,000. This is 5.7 percent (±1.6%) above the revised October rate of 644,000 and is 20.7 percent (±1.8%) above the November 2010 estimate of 564,000.

Single-family authorizations in November were at a rate of 435,000; this is 1.6 percent (±1.6%) above the revised October figure of 428,000. Authorizations of units in buildings with five units or more were at a rate of 224,000 in November.

Housing Starts

Privately-owned housing starts in November were at a seasonally adjusted annual rate of 685,000. This is 9.3 percent (±13.1%) above the revised October estimate of 627,000 and is 24.3 percent (±20.1%) above the November 2010 rate of 551,000.

Single-family housing starts in November were at a rate of 447,000; this is 2.3 percent (±8.0%) above the revised October figure of 437,000. The November rate for units in buildings with five units or more was 230,000.

Housing Completions

Privately-owned housing completions in November were at a seasonally adjusted annual rate of 542,000. This is 5.6 percent (±11.5%) below the revised October estimate of 574,000 and is 1.6 percent (±15.8%) below the November 2010 rate of 551,000.

Single-family housing completions in November were at a rate of 440,000; this is 0.7 percent (±8.9%) below the revised October rate of 443,000. The November rate for units in buildings with five units or more was 99,000.