US residential building permits rise in October while housing starts decline and completions trend neutral

Wednesday, 17 November 2021 22:18:22 (GMT+3)   |   San Diego
       

The US Census Bureau and the US Department of Housing and Urban Development announced that privately‐owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,650,000. This is 4.0 percent (±1.5 percent) above the revised September rate of 1,586,000 and is 3.4 percent (±1.6 percent) above the October 2020 rate of 1,595,000.

Single‐family authorizations in October were at a rate of 1,069,000; this is 2.7 percent (±1.2 percent) above the revised September figure of 1,041,000.  Authorizations of units in buildings with five units or more were at a rate of 528,000 in October.

Privately‐owned housing starts in October were at a seasonally adjusted annual rate of 1,520,000.  This is 0.7 percent (±12.2 percent) below the revised September estimate of 1,530,000, but is 0.4 percent (±12.3 percent) above the October 2020 rate of 1,514,000. 

Single‐family housing starts in October were at a rate of 1,039,000; this is 3.9 percent (±9.5 percent) below the revised September figure of 1,081,000. The October rate for units in buildings with five units or more was 470,000. 

Privately‐owned housing completions in October were at a seasonally adjusted annual rate of 1,242,000.  This is virtually unchanged from (±13.0 percent) the revised September estimate of 1,242,000, but is 8.4 percent (±9.2 percent) below the October 2020 rate of 1,356,000. 

Single‐family housing completions in October were at a rate of 929,000; this is 1.7 percent (±12.7 percent) below the revised September rate of 945,000. The October rate for units in buildings with five units or more was 302,000.


Most Recent Related Articles

US new homes sales up 0.4 percent in October

US tin plate exports up 8.5 percent in September

AGC: US construction industry “battered” by rising material costs

US construction industry adds 44,000 jobs in October

US construction spending down 0.5 percent in September