Housing Starts on the Decline in October

 

Single-family housing starts in October were at a rate of 436,000; this is 1.1 percent (???????(R)???????+???????(R)??????oe???????(R)???????+???????(R)????????8.6%)* below the revised September figure of 441,000. The October rate for units in buildings with five units or more was 74,000.

Privately-owned housing starts in October were at a seasonally adjusted annual rate of 519,000. This is 11.7 percent (±8.6%) below the revised September estimate of 588,000 and is 1.9 percent (±9.6%)* below the October 2009 rate of 529,000.

The Northeast was the region of the country that fared the best with an overall increase of 43.6 percent during the past 12 months with an increase of 25.5 percent for single units. The West was the region of the country that fared the worst with an overall decrease of 13.3 percent and decrease of 18.3 percent for single units.

– Courtesy of Economics & Statistics Administration