EconoIndicators / New Residential Construction (Housing Starts)

New Residential Construction (Housing Starts) - November 2007

Housing Starts At a Glance
Seasonally Adjusted

Housing Starts: 1,187,000
Monthly Change: Down 3.7%
Year-to-year Change: Down 24.2%
1-Family Monthly Change: Down 5.4%
Housing Completions: 1,344,000
Monthly Change: Down 4.1%
Year-to-year Change: Down 28.7%
1-Family Monthly Change: Down 4.1%
Building Permits: 1,152,000
Monthly Change: Down 1.5%
Year-to-year Change: Down 24.6%
1-Family Monthly Change: Down 5.6%

Technorati Tags: housing, starts, new, residential, construction

NEW RESIDENTIAL CONSTRUCTION IN NOVEMBER 2007

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential
construction statistics for November 2007:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,152,000.
This is 1.5 percent (±1.5%)* below the revised October rate of 1,170,000 and is 24.6 percent (±1.6%) below the revised November
2006 estimate of 1,527,000.
Single-family authorizations in November were at a rate of 764,000; this is 5.6 percent (±1.9%) below the October figure of 809,000.
Authorizations of units in buildings with five units or more were at a rate of 334,000 in November.
HOUSING STARTS
Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,187,000. This is 3.7 percent (±8.1%)*
below the revised October estimate of 1,232,000, and is 24.2 percent (±8.3%) below the revised November 2006 rate of 1,565,000.
Single-family housing starts in November were at a rate of 829,000; this is 5.4 percent (±7.4%)* below the October figure of 876,000.
The November rate for units in buildings with five units or more was 332,000.
HOUSING COMPLETIONS
Privately-owned housing completions in November were at a seasonally adjusted annual rate of 1,344,000. This is 4.1 percent
(±7.7%)* below the revised October estimate of 1,402,000 and is 28.7 percent (±6.1%) below the revised November 2006 rate of
1,885,000.
Single-family housing completions in November were at a rate of 1,088,000; this is 4.1 percent (±7.4%)* below the October figure of
1,135,000. The November rate for units in buildings with five units or more was 229,000.