(12-11-19)
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 2019: Building Permits – Privately‐owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,482,000. This is 1.4 percent (±1.4 percent)* above the revised October rate of 1,461,000 and is 11.1 percent (±1.8 percent) above the November 2018 rate of 1,334,000. Single‐family authorizations in November were at a rate of 918,000; this is 0.8 percent (±1.3 percent)* above the revised October figure of 911,000. Authorizations of units in buildings with five units or more were at a rate of 524,000 in November. Housing Starts – Privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,365,000. This is 3.2 percent (±10.0 percent)* above the revised October estimate of 1,323,000 and is 13.6 percent (±12.8 percent) above the November 2018 rate of 1,202,000. Single‐family housing starts in November were at a rate of 938,000; this is 2.4 percent (±5.8 percent)* above the revised October figure of 916,000. The November rate for units in buildings with five units or more was 404,000. Housing Completions – Privately‐owned housing completions in November were at a seasonally adjusted annual rate of 1,188,000. This is 6.6 percent (±8.9 percent)* below the revised October estimate of 1,272,000, but is 7.3 percent (±14.8 percent)* above the November 2018 rate of 1,107,000. Single‐family housing completions in November were at a rate of 883,000; this is 3.6 percent (±10.0 percent)* below the revised October rate of 916,000. The November rate for units in buildings with five units or more was 295,000.