Privately-owned housing starts in October were at a seasonally adjusted annual rate of 1,372,000. This is 1.9% above the revised September estimate, but 4.2% below the October 2022 rate. This is according to data released by The U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
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Single‐family housing starts in October were at a rate of 970,000, 0.2% above the revised September figure.
Privately‐owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,487,000, 1.1% above the revised September rate. They were 4.4% below October 2022. Single‐family authorizations in October were at a rate of 968,000, 0.5% above September.
