Housing Starts Flat in October
Privately-owned housing starts were at a seasonally adjusted annual rate of 1,588,000. This is 6.7% above the revised October rate, but the U.S. Census Bureau reports that the margin of error (+-10.1%) shows that there is not sufficient evidence to conclude that the actual change is different from zero.
Housing starts were 25.5% below the November 2005 rate.
An indicator that the housing market will remain soft, building permits were 3% below the revised October rate, and 31.3% below the November 2005 estimate.