Housing starts up 3.9 percent in November to 555,000 annual units

Privately-owned housing starts in November were at a seasonally adjusted annual rate of 555,000 — 3.9 percent above the revised October estimate, according to the Commerce Dept. The single-family market fared even better, rising 6.9 percent last month.

December 16, 2010

Privately-owned housing starts in November were at a seasonally adjusted annual rate of 555,000 — 3.9 percent above the revised October estimate, according to the Commerce Dept.

Single-family housing starts in November were at an annual rate of 465,000, up 6.9 percent from the revised October figure of 435,000. The November rate for units in buildings with five units or more was 72,000.

Meanwhile, privately-owned housing completions in November were at a seasonally adjusted annual rate of 513,000, 14.1 percent below the revised October estimate of 597,000. Single-family housing completions in November was 436,000, down 10.1 percent from October. The November rate for units in buildings with five units or more was 73,000.

For more, download the PDF recap of the report.

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