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- U.S housing starts and building permits rose more than expected in October
U.S housing starts and building permits rose more than expected in October
Privately-owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,297,000. This is 5.9 percent above the revised September rate of 1,225,000 and is 0.9 percent above the October 2016 rate of 1,285,000. Single-family authorizations in October were at a rate of 839,000; this is 1.9 percent above the revised September figure of 823,000. Authorizations of units in buildings with five units or more were at a rate of 416,000 in October. Privately-owned housing starts in October were at a seasonally adjusted annual rate of 1,290,000. This is 13.7 percent above the revised September estimate of 1,135,000, but is 2.9 percent below the October 2016 rate of 1,328,000. Single-family housing starts in October were at a rate of 877,000; this is 5.3 percent above the revised September figure of 833,000. The October rate for units in buildings with five units or more was 393,000.
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