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 October were at a seasonally adjusted annual rate of 1,150,000. This is 4.1 percent (±1.5 percent) above the revised September rate of 1,105,000 and is 2.7 percent (±2.2 percent) above the October 2014 estimate of 1,120,000.
Single-family authorizations in October were at a rate of 711,000; this is 2.4 percent (±1.5 percent) above the revised September figure of 694,000. Authorizations of units in buildings with five units or more were at a rate of 405,000 in October.
Privately-owned housing starts in October were at a seasonally adjusted annual rate of 1,060,000. This is 11.0 percent (±13.5 percent) below the revised September estimate of 1,191,000 and is 1.8 percent (±11.2 percent) below the October 2014 rate of 1,079,000.
Single-family housing starts in October were at a rate of 722,000; this is 2.4 percent (±9.9 percent) below the revised September figure of 740,000. The October rate for units in buildings with five units or more was 327,000.
Privately-owned housing completions in October were at a seasonally adjusted annual rate of 965,000. This is 6.0 percent (±15.8 percent) below the revised September estimate of 1,027,000, but is 5.2 percent (±12.1 percent) above the October 2014 rate of 917,000.
Single-family housing completions in October were at a rate of 640,000; this is 0.5 percent (±13.3 percent) below the revised September rate of 643,000. The October rate for units in buildings with five units or more was 318,000.