Residential and Multi Unit Housing Starts Really Up

 


The West was the worst region in the country, down 23.4 percent overall and increased 2.1 percent for one unit houses.

Privately-owned housing starts in November were at a seasonally adjusted annual rate of 574,000. This is 8.9 percent (plus or minus 10.2%) above the revised October estimate of 527,000, but is 12.4 percent (plus or minus 9.1%) below the November 2008 rate of 655,000.

Overall, the Northeast increased at 14.3 percent for privately-owned housing units started during the past 12 months, while one unit houses increased 12.2 percent. - Courtesy of Economics and Statistics Administration

Single-family housing starts in November were at a rate of 482,000; this is 2.1 percent (plus or minus 9.2%) above the revised October figure of 472,000. The November rate for units in buildings with five units or more was 83,000. - Courtesy of Economics and Statistics Administration

0.9: Percent. The Conference Board said its index of leading economic indicators rose 0.9 percent in November, up from 0.3 percent in October.

20.4: Percent. Philadelphia Federal Reserve Bank said its index of factories in the Mid-Atlantic region rose to 20.4 - a 4 1/2 year high - from 16.7 in November, Reuters reported.