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In The News:

Housing Starts Dip in October

Privately-owned housing starts in October 2010 were at a seasonally adjusted annual rate of 519,000, 11.7 percent below September, and 1.9 percent below October 2009, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

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Single-family housing starts in October were at a rate of 436,000, 1.1 percent below September. The October rate for units in buildings with five units or more was 74,000.

Housing units authorized by building permits in October were at a seasonally adjusted annual rate of 550,000, 0.5 percent above September and 4.5 percent below October 2009. Single-family authorizations in October were at a rate of 406,000, 1 percent above September. Authorizations of units in buildings with five units or more were at a rate of 121,000.

Privately-owned housing completions in October were at a seasonally adjusted annual rate of 613,000, 3.2 percent below September and 18.4 percent below October 2009. Single-family housing completions in October were at a rate of 501,000; this is 2.7 percent above September. The October rate for units in buildings with five units or more was 107,000.

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