National Building stats for November 2013
December 18, 2013 5:54 am
By John DeCosta, Keller Williams Realty
Data from the US census Bureau.
The November building stats are in. The recovery remains on a very slow increase. Interest rates remain at historic lows, but the builders cannot find lots or financing to energize a robust recovery. Just steady as she goes…. John DeCosta
NEW RESIDENTIAL CONSTRUCTION IN NOVEMBER 2013
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential
construction statistics for November 2013:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,007,000.
This is 3.1 percent (±1.1%) below the revised October rate of 1,039,000, but is 7.9 percent (±1.6%) 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%) 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.
HOUSING STARTS
Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,091,000. This is 22.7 percent (±13.2%)
above the revised October estimate of 889,000 and is 29.6 percent (±19.8%) 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%) 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 (±9.5%)*
below the revised October estimate of 824,000, but is 21.6 percent (±11.3%) 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%)* below the revised October rate
of 616,000. The November rate for units in buildings with five units or more was 221,000.
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