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US housing starts up on month, down on year in Oct

by ChemOrbis Editorial Team -
  • 21/11/2018 (13:09)
According to data jointly released by the US Census Bureau and the US Department of Housing and Urban Development, total housing starts in the US were at a seasonally adjusted annual rate of 1,228,000 units, up by 1.5% from the revised September estimate of 1,210,000.

However, the latest reading was 2.9% below the September rate of 1,265,000, while the single‐family housing starts in October were 1.8% lower than September at 865,000 units.

In October, building permits were at a seasonally adjusted annual rate of 1,263,000, down by 0.6% from the revised September rate of 1,270,000 and lower by 6% year-on-year. Single‐family authorizations in October were also 0.6% below the revised September figure of 849,000.
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