The WPJ
U.S. Housing Starts, Building Permits Dip in November

U.S. Housing Starts, Building Permits Dip in November

Residential News » United States Edition | By WPJ Staff | December 17, 2014 7:30 AM ET



November housing starts and building permits both fell in the U.S., as groundbreaking also declined 1.6 percent to a seasonally adjusted annual 1.028 million-unit pace, the Commerce Department report this week. November's starts were revised up to a 1.045 million-unit rate.

Building Permits

Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,035,000. This is 5.2 percent (±1.4%) below the revised October rate of 1,092,000 and is 0.2 percent (±1.8%) below the November 2013 estimate of 1,037,000.

Single-family authorizations in November were at a rate of 639,000; this is 1.2 percent (±1.4%) below the revised October figure of 647,000. Authorizations of units in buildings with five units or more were at a rate of 367,000 in November.

Housing Starts

Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,028,000. This is 1.6 percent (±8.1%) below the revised October estimate of 1,045,000 and is 7.0 percent (±10.2%) below the November 2013 rate of 1,105,000.

Single-family housing starts in November were at a rate of 677,000; this is 5.4 percent (±8.1%) below the revised October figure of 716,000. The November rate for units in buildings with five units or more was 340,000.

Housing Competitions

Privately-owned housing completions in November were at a seasonally adjusted annual rate of 863,000. This is 6.4 percent (±8.3%) below the revised October estimate of 922,000, but is 4.5 percent (±9.6%) above the November 2013 rate of 826,000.

Single-family housing completions in November were at a rate of 596,000; this is 2.9 percent (±8.2%) below the revised October rate of 614,000. The November rate for units in buildings with five units or more was 256,000.

Real Estate Listings Showcase

This website uses cookies to improve user experience. By using our website you consent in accordance with our Cookie Policy. Read More