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In The News:

Housing Starts Pass 1 Million in November

Privately-owned housing starts in November were 1.1 million,* according to the U.S. Census Bureau. This is 22.7 percent above the revised October estimate of 889,000 and 29.6 percent above November 2012.

Single-family housing starts in November were 727,000, 20.8 percent above the revised October figure. The November rate for units in buildings with five units or more was 354,000.

Privately-owned housing units authorized by building permits in November were 1,007,000. This is 3.1 percent below the revised October rate but is 7.9 percent above the November 2012 estimate. Single-family authorizations in November were 634,000; this is 2.1 percent above the revised October figure of 621,000. Authorizations of units in buildings with five units or more were 346,000 in November.

Privately-owned housing completions in November were 823,000. This is 0.1 percent below the revised October estimate but is 21.6 percent above November 2012. Single-family housing completions in November were 596,000, 3.2 percent below the revised October rate. The November rate for units in buildings with five units or more was 221,000.

* All figures are given as a seasonally adjusted annual rate.

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