November Housing Starts Up 12.8% YOY

Washington, DC, December 17, 2020- Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,547,000, 1.2% above the revised October estimate of 1,528,000 and 12.8% above the November 2019 rate of 1,371,000, according to the U.S Census Bureau. Single-family housing starts in November were at a rate of 1,186,000; this is 0.4% above the revised October figure of 1,181,000. The November rate for units in buildings with five units or more was 352,000.

Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,639,000, 6.2% above the revised October rate of 1,544,000 and 8.5% above the November 2019 rate of 1,510,000. Single-family authorizations in November were at a rate of 1,143,000; this is 1.3 percent (±0.8 percent) above the revised October figure of 1,128,000. Authorizations of units in buildings with five units or more were at a rate of 441,000 in November.

Privately-owned housing completions in November were at a seasonally adjusted annual rate of 1,163,000. This is 12.1% below the revised October estimate of 1,323,000 and is 4.8% below the November 2019 rate of 1,222,000. Single-family housing completions in November were at a rate of 874,000; this is 0.6% below the revised October rate of 879,000. The November rate for units in buildings with five units or more was 280,000.