The 2020 Mid-Year Economic Update_long

Housing Starts Decrease 1.6% in November

Privately owned housing starts down 0.2 percent year-over-year.

Privately owned housing starts in November were at a seasonally adjusted annual rate of 1,028,000, according to the U.S. Census Bureau and the Department of Housing and Development. This is 1.6 percent below the revised October estimate of 1,045,000 and 7 percent below the November 2013 rate of 1,105,000.

Single-family housing starts in November were at a rate of 677,000; this is 5.4 percent below the revised October figure of 716,000. The November rate for units in buildings with five units or more was 340,000.

Privately owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,035,000. This is 5.2 percent below the revised October rate of 1,092,000, and 0.2 percent below the November 2013 estimate of 1,037,000.

Single-family authorizations in November were at a rate of 639,000; this is 1.2 percent below the revised October figure of 647,000. Authorizations of units in buildings with five units or more were at a rate of 367,000 in November.

Privately owned housing completions in November were at a seasonally adjusted annual rate of 863,000. This is 6.4 percent below the revised October estimate of 922,000, but is 4.5 percent above the November 2013 rate of 826,000.

Single-family housing completions in November were at a rate of 596,000; this is 2.9 percent below the revised October rate of 614,000. The November rate for units in buildings with five units or more was 256,000.

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