Building permits for privately-owned housing units and single-family homes were both up in October, according to The U.S. Census Bureau and the Department of Housing and Urban Development. Single-family authorizations were up 1.0 percent from the month before and privately-owned housing units rose 0.5 percent. Though the permit data suggests future improvements for construction, housing starts during the month of October fell 11.7 percent to their lowest level since April 2009. The drop was driven by a 43.5 percent decrease in multifamily construction. Single-family housing starts were down just 1.1 percent. More here and here.
Theresa Springer’s Blog
Housing Starts Fall, Permits Up
November 18, 2010
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