The US Census Bureau and the Department of Housing and Urban Development jointly announced Wednesday that privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,007,000, which is 3.1 percent (±1.1 percent) below the revised October rate of 1,039,000, but 7.9 percent (±1.6 percent) above the November 2012 estimate of 933,000. Single-family authorizations in November were at a rate of 634,000; this is 2.1 percent (±1.1 percent) above the revised October figure of 621,000. Authorizations of units in buildings with five units or more were at a rate of 346,000 in November.
Meanwhile, privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,091,000. This is 22.7 percent (±13.2 percent) above the revised October estimate of 889,000 and is 29.6 percent (±19.8 percent) above the November 2012 rate of 842,000. Single-family housing starts in November were at a rate of 727,000; this is 20.8 percent (±10.7 percent) above the revised October figure of 602,000. The November rate for units in buildings with five units or more was 354,000.
Finally, privately-owned housing completions in November were at a seasonally adjusted annual rate of 823,000. This is 0.1 percent (±9.5 percent) below the revised October estimate of 824,000, but is 21.6 percent (±11.3 percent) above the November 2012 rate of 677,000. Single-family housing completions in November were at a rate of 596,000; this is 3.2 percent (±11.6 percent) below the revised October ate of 616,000. The November rate for units in buildings with five units or more was 221,000.