Overall Housing Starts Jump 23 Percent in November (BuildingOnline)

BuildingOnline
(12/30/2013 6:09 PM, BuildingOnline)

Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,091,000, according to numbers released by the U.S. Census Bureau and the Department of Housing and Urban Development. The figure is 22.7 percent above the revised October estimate of 889,000 and is 29.6 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 above the revised October figure of 602,000. The November rate for units in buildings with five units or more was 354,000.

Housing Completions
Privately-owned housing completions in November were at a seasonally adjusted annual rate of 823,000. This is 0.1 percent below the revised October estimate of 824,000, but is 21.6 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 below the revised October rate of 616,000. The November rate for units in buildings with five units or more was 221,000.