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Housing Starts Up Monthly, Down Annually

Posted By Barry Ritholtz On December 16, 2009 @ 9:50 am In Real Estate | Comments Disabled

Today’s Housing Starts data:

HOUSING STARTS: Privately-owned housing starts in November were at a seasonally adjusted annual rate of 574,000. This is 8.9% (±10.2%)* above the revised October estimate of 527,000, but is 12.4% (±9.1%) below the November 2008 rate of 655,000.Single-family housing starts in November were at a rate of 482,000; this is 2.1 percent (±9.2%)* above the revised October figure of 472,000. The November rate for units in buildings with five units or more was 83,000.

BUILDING PERMITS: Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 584,000. This is 6.0% (±1.6%) above the revised October rate of 551,000, but is 7.3% (±1.8%) below the November 2008 estimate of 630,000.

Single-family authorizations in November were at a rate of 473,000; this is 5.3% (±1.1%) above the revised October figure of 449,000. Authorizations of units in buildings with five units or more were at a rate of 86,000 in November.

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Chart:


click for larger graph

200911-housing-starts [1]

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Source:
NEW RESIDENTIAL CONSTRUCTION IN NOVEMBER 2009 [2]
U.S. Census Bureau and the Department of Housing and Urban Development, DECEMBER 16, 2009

http://www.census.gov/const/newresconst.pdf


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[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2009/12/200911-housing-starts.JPG

[2] NEW RESIDENTIAL CONSTRUCTION IN NOVEMBER 2009: http://www.ritholtz.com/blog http://www.census.gov/const/newresconst.pdf

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