October Sees Housing Completions Go Down

 

Single-family housing completions in October were at a rate of 501,000; this is 2.7 percent (???????(R)???????+???????(R)??????oe???????(R)???????+???????(R)????????16.8%) above the revised September rate of 488,000. The October rate for units in buildings with five units or more was 107,000.

Privately-owned housing completions in October were at a seasonally adjusted annual rate of 613,000. This is 3.2 percent (±15.3%) below the revised September estimate of 633,000 and is 18.4 percent (±11.4%) below the October 2009 rate of 751,000.

The Midwest was the region of the country that fared the best with an overall increase of 24.2 percent during the past 12 months with an increase of 11.7 percent for single units. The West was the region of the country that fared the worst with an overall decrease of 16.1 percent and decrease of 9.3 percent for single units.

– Courtesy of Economics & Statistics Administration