Privately owned housing starts in November were at a seasonally adjusted annual rate of 1,289,000, according to the U.S. Census Bureau. This is 1.8% below October and 14.6% below November 2023.
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Privately owned housing units authorized by building permits in November were 6.1% above October and 0.2% below November 2023.
Single-family authorizations in November were 0.1% above October. Authorizations of units in buildings with five units or more were 481,000 in November.
Housing completions in November were 1.9% below October and 9.2% above November 2023. Single-family housing completions in November were 3.3% above October. The November rate for units in buildings with five units or more was 544,000.
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