The U.S. government is reporting that privately‐owned housing starts in October, 2024 were at a seasonally adjusted annual rate of 1,311,000, which is 3.1% lower than September’s revised number and is 4% lower than one year ago. October’s rate for units in buildings with five units or more was 326k. Privately‐owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,416,000, which is 0.6% lower than September’s revised number and is 7.7% lower than one year ago. Authorizations of units in buildings with five units or more were at a rate of 393k in October.
Click here to read the full report at the U.S. Census Bureau.
