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December 19, 2017 13:30 GMT
US Data: New Residential Construction - Summary>
Release for: November 2017
Source: U.S. Commerce Department
Thousands of units, seasonally adjusted
*Calculations by MNI
yr-ago % chg mo/mo: % chg
Nov-17 Oct-17 Sep-17 Nov-16 Nov-17 Oct-17 y/y:
Housing starts 1297 1256 1159 1149 3.3 8.4 12.9
(previous) -- 1290 1135 -- -- -- --
Single-family 930 883 832 823 5.3 6.1 13.0
1-fam % of total 71.7 70.3 71.8 71.6 -- -- --
Total multi-family* 367 373 327 326 -1.6 14.1 12.6
multi-fam % of total 28.3 29.7 28.2 28.4 -- -- --
Northeast 87 144 101 83 -39.6 42.6 4.8
Midwest 175 201 187 216 -12.9 7.5 -19.0
South 691 622 543 581 11.1 14.5 18.9
West 344 289 328 269 19.0 -11.9 27.9
Housing starts (unadj) 98.4 109.0 104.4 87.8 -9.7 4.4 12.1
Building permits 1298 1316 1225 1255 -1.4 7.4 3.4
Single-family 862 850 823 786 1.4 3.3 9.7
1-fam % of total 66.4 64.6 67.2 62.6 -- -- --
Total multi-family* 436 466 402 469 -6.4 15.9 -7.0
multi-fam % of total 33.6 35.4 32.8 37.4 -- -- --
Northeast 115 122 121 119 -5.7 0.8 -3.4
Midwest 184 193 185 187 -4.7 4.3 -1.6
South 642 633 595 608 1.4 6.4 5.6
West 357 368 324 341 -3.0 13.6 4.7
Building permits (unadj) 96.5 114.0 101.4 94.5 -15.4 12.4 2.1
Completions 1116 1189 1081 1203 -6.1 10.0 -7.2
Single-family 752 788 771 766 -4.6 2.2 -1.8
1-fam % of total 67.4 66.3 71.3 63.7 -- -- --
Total multi-family* 364 401 310 437 -9.2 29.4 -16.7
multi-fam % of total 32.6 33.7 28.7 36.3 -- -- --
Completions (unadj) 93.0 107.7 96.2 100.0 -13.6 12.0 -7.0
Homes Not Started 155 154 151 139 0.6 2.0 11.5
Homes Under Construction 1110 1099 1088 1046 1.0 1.0 6.1
** MNI Washington Bureau (202) 371-2121 **
[TOPICS: MAUDA$,MAUH0$]
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Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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