Privately owned housing starts in October were at a seasonally adjusted annual rate of 1,060,000, according to the U.S. Census Bureau and the Department of Housing and Development. This is 11 percent below the revised September estimate of 1,191,000 and is 1.8 percent below the October 2014 rate of 1,079,000.
Single-family housing starts in October were at a rate of 722,000; this is 2.4 percent below the revised September figure of 740,000. The October rate for units in buildings with five units or more was 327,000.
Privately owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,150,000. This is 4.1 percent above the revised September rate of 1,105,000 and is 2.7 percent above the October 2014 estimate of 1,120,000.
Single-family authorizations in October were at a rate of 711,000; this is 2.4 percent above the revised September figure of 694,000. Authorizations of units in buildings with five units or more were at a rate of 405,000 in October.
Privately owned housing completions in October were at a seasonally adjusted annual rate of 965,000. This is 6 percent below the revised September estimate of 1,027,000, but is 5.2 percent above the October 2014 rate of 917,000.
Single-family housing completions in October were at a rate of 640,000; this is 0.5 percent below the revised September rate of 643,000. The October rate for units in buildings with five units or more was 318,000.
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