(12-16-21) The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for November 2021: Building Permits – Privately‐owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,712,000. This is 3.6 percent (±0.9 percent) above the revised October rate of 1,653,000 and is 0.9 percent (±2.0 percent)* above the November 2020 rate of 1,696,000. Single‐family authorizations in November were at a rate of 1,103,000; this is 2.7 percent (±1.1 percent) above the revised October figure of 1,074,000. Authorizations of units in buildings with five units or more were at a rate of 560,000 in November. Housing Starts – Privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,679,000. This is 11.8 percent (±15.2 percent)* above the revised October estimate of 1,502,000 and is 8.3 percent (±14.3 percent)* above the November 2020 rate of 1,551,000. Single‐family housing starts in November were at a rate of 1,173,000; this is 11.3 percent (±15.8 percent)* above the revised October figure of 1,054,000. The November rate for units in buildings with five units or more was 491,000. Housing Completions – Privately‐owned housing completions in November were at a seasonally adjusted annual rate of 1,282,000. This is 4.1 percent (±13.5 percent)* above the revised October estimate of 1,231,000 and is 3.1 percent (±13.6 percent)* above the November 2020 rate of 1,244,000. Single‐family housing completions in November were at a rate of 910,000; this is 0.1 percent (±12.0 percent)* below the revised October rate of 911,000. The November rate for units in buildings with five units or more was 364,000.
Housing Starts and Permitting (12-16-21)
- Economic Monthly Summaries, Housing Starts and Permitting
- Published on
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com