Privately-owned housing starts in November were at a seasonally adjusted annual rate of 685,000, according to the latest release from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 9.3 percent above the revised October estimate of 627,000 and 24.3 percent above the November 2010 rate of 551,000.
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Single-family housing starts in November were at a rate of 447,000, 2.3 percent above the revised October figure of 437,000. The November rate for units in buildings with five units or more was 230,000.
Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 681,000. This is 5.7 percent above the revised October rate of 644,000 and is 20.7 percent above the November 2010 estimate of 564,000.
Single-family authorizations in November were at a rate of 435,000; this is 1.6 percent above the revised October figure of 428,000. Authorizations of units in buildings with five units or more were at a rate of 224,000 in November.
Privately-owned housing completions in November were at a seasonally adjusted annual rate of 542,000. This is 5.6 percent below the revised October estimate of 574,000 and is 1.6 percent below the November 2010 rate of 551,000.
Single-family housing completions in November were at a rate of 440,000; this is 0.7 percent below the revised October rate of 443,000. The November rate for units in buildings with five units or more was 99,000.
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