Privately-owned housing starts in October were at a seasonally adjusted annual rate of 791,000. This is 4.5% below the revised September estimate of 828,000 and is 38.0% below the revised October 2007 rate of 1,275,000.
Single-family housing starts in October were at a rate of 531,000; this is 3.3% below the September figure of 549,000. The October rate for units in buildings with five units or more was 247,000.
Year-to-date, housing starts were down 31.5% in the U.S. overall, 10.3% in the Northeast, 33.6% in the Midwest, 32% in the South and 38.2% in the West.
Building Permits
Privately-owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 708,000. This is 12.0% below the revised …
Housing Starts Down 38% in October
Privately-owned housing starts in October were at a seasonally adjusted annual rate of 791,000. This is 4.5% below the revised September estimate of 828,000 and is 38.0% below the revised October 2007 rate of 1,275,000.
Single-family housing starts in October were at a rate of 531,000; this is 3.3% below the September figure of 549,000. The October rate for units in buildings with five units or more was 247,000.
Year-to-date, housing starts were down 31.5% in the U.S. overall, 10.3% in the Northeast, 33.6% in the Midwest, 32% in the South and 38.2% in the West.
Building Permits
Privately-owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 708,000. This is 12.0% below the revised …
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